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China targets over 15% annual growth in data industry by 2029 as digitalisation accelerates

share-iconTuesday, December 31 comment-icon1 month ago 7 views
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scmpSCMP
China targets over 15% annual growth in data industry by 2029 as digitalisation accelerates

Credited from: SCMP

  • China's top economic planner aims for **over 15% annual growth** in the data sector by 2029 during a digitalisation push.
  • The **National Development and Reform Commission (NDRC)** highlighted **AI advancements** and data technology breakthroughs as key goals.
  • Guidelines encourage the formation of **independent entities for data operations** to enhance sector development.
  • Support for **small and medium-sized enterprises (SMEs)** is emphasized, with calls for larger companies to assist them.
  • By 2029, China aspires to lead in **global data technology innovation**, with new applications and competitive companies.

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China Data industry Economic growth Digitalisation Artificial intelligence Technology
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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