Think Tank

Continuously release the reform dividends of market-oriented allocation of data elements

2025-12-11   

In the Internet era, data is a new factor of production, a basic resource, a strategic resource, and an important productivity. General Secretary Xi Jinping pointed out that it is necessary to improve the mechanism of factor participation in income distribution, and stimulate the vitality of production factors such as labor, knowledge, technology, management, capital, and data. This provides a fundamental guideline for further optimizing the market-oriented allocation of data elements, stimulating the potential of data elements, and continuously releasing the dividends of reform during the 15th Five Year Plan period. The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China proposed to accelerate the improvement of the market-oriented allocation system and mechanism for factors. Data is a new production factor generated by the synergy of industrial digitization and digital industrialization, which has quickly integrated into production, distribution, circulation and other links, dynamically shaping economic activities and social governance. Currently, China's advantage in the scale of data resources continues to expand, and the activity of data resource development and utilization is steadily increasing. The marketization and value transformation process of data elements is further accelerating, continuously releasing strong data momentum. 1. Deeply understand the significance of market-oriented allocation reform of data elements. The market-oriented allocation reform of data elements is an important support for the development of new quality productivity. General Secretary Xi Jinping pointed out that new quality productive forces are mainly generated by technological revolutionary breakthroughs. Currently, data elements mainly empower new quality productivity through two paths. One is that data elements promote the digital development of industries. After deep integration with traditional production factors such as technology and labor, the combination of factors is further optimized, and the entire factor digitization upgrade and strategic reconstruction of the upstream and downstream of the industrial chain and supply chain are carried out, promoting a significant increase in total factor productivity. The second is to promote the development of digital industrialization through data elements, by cultivating and strengthening digital industries such as artificial intelligence and big data with high-tech and high-efficiency characteristics, continuously improving the level of industries such as communication equipment and core electronic components, and enhancing total factor productivity. Therefore, we should promote the market-oriented allocation reform of data elements, coordinate the orderly development of digital industrialization and industrial digitization, and provide important support for the development of new quality productivity. The market-oriented allocation reform of data elements is the core engine driving high-quality economic development. General Secretary Xi Jinping pointed out that we should make good use of the advantages of a super large market and enrich application scenarios, cultivate more world-class enterprises and leading technologies, and unify the effective improvement of quality and reasonable growth of quantity in the entire process of high-quality development. As China's economic development enters a new stage, the transformation of old and new driving forces has become an inevitable requirement for promoting high-quality economic development. Currently, traditional industries that rely on factors such as land and labor are unable to meet the inherent requirements of high-quality economic development. High quality economic development requires data elements to shape production methods, optimize resource allocation, enhance industrial innovation levels, promote the deep transformation and upgrading of traditional industries to emerging industries, and accelerate the construction of a digital economy with data as the key element. Cluster based cultivation of specialized, refined, and innovative enterprises in the field of digital economy is also necessary to create core industrial advantages in the digital economy. Therefore, we should promote the market-oriented allocation reform of data elements, give full play to the leading role of data elements in the transformation and upgrading of traditional industries and the cultivation and growth of emerging industries, and promote the smooth transition of new and old driving forces. The market-oriented allocation reform of data elements is a solid foundation for promoting the modernization of the national governance system and governance capacity. General Secretary Xi Jinping pointed out that we must adhere to and improve the socialist system with Chinese characteristics, and promote the modernization of the national governance system and governance capacity. Data elements can play an important role in this regard. On the one hand, data elements empower digital government, promoting the secure, orderly, and efficient sharing and utilization of government data across levels, regions, systems, departments, and businesses, and enhancing the government's digital governance capabilities and levels; On the other hand, to ensure that economic policies and non economic policies work in the same direction, it is necessary to use complete and accurate evaluation data to depict the significant differences between economic policies and non economic policies in terms of implementation targets, process control, and expected effects, providing decision-making basis for enhancing the consistency of macroeconomic policy orientation. Therefore, we should promote the market-oriented allocation reform of data elements and amplify the synergistic effect of data elements in promoting the modernization of the national governance system and governance capacity. The market-oriented allocation reform of data elements is the only way to build a new competitive advantage in the international digital economy. General Secretary Xi Jinping pointed out that we need to enhance our ability to lead the global flow of goods, capital, information, etc., promote the formation of a new pattern of opening up to the outside world, enhance our strength and ability to participate in the formulation of global economic, financial, and trade rules, and carry out international economic and technological innovation cooperation at a higher level. Currently, building a new competitive advantage in the international digital economy requires the leadership and discourse power of cross-border data governance as an important support, which cannot be separated from a complete data industry chain. In fact, the collection, storage, analysis, and other high-quality resources gathered in the national integrated data market, after being amplified by the multiplier effect of data elements, can take the lead in forming new competitive advantages in cross-border data circulation scenarios. Therefore, we should promote the market-oriented allocation reform of data elements and build new competitive advantages in the international digital economy at a higher level and on a larger scale. 2. Further clarify the overall idea of market-oriented allocation reform of data elements. Currently, China has deployed and constructed national data element comprehensive experimental zones in Beijing, Liaoning, Zhejiang and other places, supporting various regions to carry out pilot projects in data property rights, market ecology cultivation and other aspects, actively promoting the transformation of mature pilot experience into national policy systems according to procedures. These measures have pointed out the direction for further clarifying the reform ideas of market-oriented allocation of data elements. During the 15th Five Year Plan period, China should balance the relationship between "looking at the present" and "seeking the long term", leverage the advantages of the socialist system of concentrating efforts to accomplish great things, and take the sustained release of the dividends of market-oriented allocation reform of data factors as an important lever to accelerate the improvement of the market-oriented allocation system and mechanism of factors, and help form a reform driving force that combines an effective market and a proactive government. One is to always adhere to the principle of fairness and inclusiveness without wavering. Accelerate the improvement of the market-oriented allocation system and mechanism for data elements, use efficient allocation of data element resources to help improve the socialist market economy system, ensure equal use of data element resources by all types of market entities, fair participation in market competition, and stimulate the vitality of market entities. The second is to take the lead in developing and utilizing public data resources. China's public data resources account for a relatively large proportion of the total social data resources, and are an important component of the market-oriented allocation reform of data elements. The development and utilization of them will generate considerable economic and social benefits for various aspects of China's economic, political, cultural, social, and ecological civilization development. Following this, we will draw on the typical experience of pioneering the development and utilization of public data resources in areas such as data ownership, circulation transactions, income distribution, and privacy protection, and orderly promote the development and utilization of enterprise and personal data resources and market circulation. Thirdly, fully leverage the pilot and leading role of state-owned enterprises. State owned enterprises have long been deeply involved in key fields such as energy and electricity, transportation and logistics, and equipment manufacturing, accumulating massive amounts of high-value industry data and having a wide range of application scenarios. They are the "vanguard" and "explorer" of the market-oriented allocation reform of data elements. To organically combine the release of data value of state-owned enterprises with the deepening of state-owned enterprise reform, promote state-owned enterprises to take the lead in breakthroughs in data governance, scenario innovation, and ecological construction, and leverage their unique advantages of strong funds, profound technology, and strong industrial chain integration capabilities in the construction of heavy asset facilities such as building trusted data spaces. Encourage them to lead the development of industry data standards, design data circulation rules, and cross subject data collaborative innovation practices, and drive small and medium-sized enterprises upstream and downstream of the industrial chain to share data resources and co create application scenarios, laying a solid ecological foundation for the market-oriented configuration reform of data elements. On this basis, we will focus on drawing on the reform experience of the National Comprehensive Experimental Zone for Data Elements, systematically integrating public data resources, enterprise and personal data resources, fully mobilizing the enthusiasm and creativity of various market entities in the process of data supply, circulation and use, and effectively releasing the amplification, superposition and multiplication effects of data elements on a larger scale, deeper level and higher level. 3. Accelerate the reform of market-oriented allocation of data elements. It cannot be achieved overnight, but should be sustained and long-lasting. We need to adapt to the times and circumstances, improve the alignment between the market-oriented allocation of data elements reform measures and macro policy orientations, making them more conducive to stabilizing employment, enterprises, markets, and expectations. At the same time, we need to implement policies tailored to local conditions and industries, taking into account the synergy between the market-oriented allocation of data elements reform measures and the micro implementation of policies, making them more conducive to practicality, regionalization, and industrialization. Establish a sound basic system and mechanism for the circulation of data elements. The circulation of data elements is an important prerequisite for continuously releasing the dividends of market-oriented allocation reform of data elements. We should optimize the property rights system, market circulation system, and compliance supervision system that are conducive to the effective supply and compliant utilization of data. In terms of the property rights system, we need to raise awareness of the important role of data ownership confirmation in safeguarding the rights and interests of data subjects, promoting data circulation, and unleashing data value, and improve the multi-level data property rights system. On the premise of separating the ownership of data resources, processing and use of data, and operation of data products, improve the data ownership procedures and registration rules. In terms of market circulation system, a strategic layout of "national level regional level industry level" data trading venues has been formed. National level data trading venues play a regulatory role in compliance, while regional and industry level data trading venues focus on regional needs and provide node support and industry insights for specific scenarios. Promote the integration of data trading venues with the international market, improve the connection of rules and dispute resolution mechanisms, and create a "new model" for cross-border data circulation. In terms of compliance supervision system, establish a data compliance supervision "whitelist" system and dynamic evaluation system. By leveraging the guiding function of the "whitelist" system and the feedback function of the dynamic evaluation system, we will strengthen anti-monopoly and anti unfair competition measures, improve industry self-discipline mechanisms, and guide the orderly development of the market. Build an infrastructure system for the circulation of data elements. Data infrastructure is the key support for continuously unleashing the dividends of market-oriented allocation reform of data elements. We should place greater emphasis on improving the level of infrastructure for the circulation of data elements, connecting the arteries of data circulation, facilitating the circulation of data resources, promoting the development of data applications, and forming an efficient, intelligent, secure, and trustworthy infrastructure support system. Comprehensively understanding the inherent requirements of the digital economy with data as the key element for the construction of digital infrastructure, and promoting the digital upgrading and transformation of traditional infrastructure and the construction of new data infrastructure in accordance with unified directory identification, unified identity registration, and unified interface standards. During the 15th Five Year Plan period, in accordance with the requirements of standardized, multi-level, and all-round data security protection technology framework construction, we will coordinate the strategic deployment of multiple security technology related infrastructure such as blockchain networks, federated learning, privacy protection computing platforms, and trusted computing, further strengthen the construction of computing infrastructure in Northeast China and other regions responsible for maintaining the country's "five major security", and achieve absolute secure transmission of sensitive data such as government affairs, agriculture and forestry, manufacturing, transportation, and energy. Build an open, shared, and secure national integrated data market. The national integrated data market is an important lever for China to promote the transformation of data elements from basic resources to strategic resources, and to continuously release the dividends of market-oriented allocation reform of data elements. Building an Open Community

Edit:Luoyu Responsible editor:Wang Xiaojing

Source:GMW.cn

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