Development Situation and Suggestions of Data Elements in China

Although industry practices and policies related to the growth of the data factor market have been enhanced, there still remain challenges that need to be overcome, such as poor data quality, low data application, lack of basic systems (e.g. data property rights and transactions), and inadequate implementation of data security governance. Addressing these challenges requires efforts from both institutional construction and technological innovation. In addition, as the exploration of data elements continues to deepen, it is necessary to closely pay attention to the adaptability between data element systems and data technology innovation, adhere to the agile, iterative approach to continuously adjust and optimize, and maintain the balance between efficiency and fairness as well as between development and security.