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Shanghai: Scale of the data industry will reach 500 billion yuan by 2025 and the average annual compound growth rate will reach 15%

  • Aug 15, 2023, at 6:30 pm
The General Office of the Shanghai Municipal People's Government issued the "Action Plan for Promoting Innovation and Development of the Data Element Industry Based on the New Track of the Digital Economy (2023-2025)".

The General Office of the Shanghai Municipal People's Government issued the "Action Plan for Promoting Innovation and Development of the Data Element Industry Based on the New Track of the Digital Economy (2023-2025)". By 2025, the data element market system and the status of the national data exchange will both be basically established. The energy of the data element industry will be released in an all-round way. The scale of the data industry will reach 500 billion yuan, with an average annual compound growth rate of 15%, and 1,000 digital business enterprises will be fostered. We will build a super node for the big data and blockchain fusion application, form 1,000 high-quality data sets, create 1,000 brand data products, and select 20 national-level big data industries as demonstration benchmarks. The overall development ecology of data elements will jump, the network and data security systems will continuously improve, and international exchanges and cooperation will comprehensively deepen.

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