China Launches State-Owned National Data Group to Supervise Resources
China officially inaugurates the National Data Group state-owned enterprise in Xiongan to accelerate artificial intelligence and digital economy growth.
POLICY WIRE — Beijing, China — China officially launched a major new state-backed corporate entity on Tuesday designed to manage and harness the nation’s vast digital information assets.
Known as China National Data Group Co., Ltd., the newly formed enterprise will operate directly under the administration of the central government.
State media outlets highlighted that the establishment of the organization is aimed at bolstering Beijing’s strategic standing in the global competition over data.
The formal inauguration ceremony took place on Tuesday in the Xiongan New Area, located in north China’s Hebei Province approximately 100 kilometers southwest of Beijing.
Chinese Vice Premier Ding Xuexiang made an appearance at the launch event to participate in the proceedings.
The newly established firm will shoulder the responsibility of developing, integrating, and operating national data resources across various industries and geographic regions.
Officials indicated that these centralized operations are specifically intended to provide vital support for the rapid advancement of domestic artificial intelligence and the broader digital economy.
Reporting by Policy-Wire (PW)
