China seeks better cross-border control of big data with new plan

02-Dec-2021 Intellasia | Reuters | 5:02 AM Print This Post

China’s Ministry of Industry and Information Technology (MIIT)called for improved cross-border security management of big data till 2025, in a five-year plan published on Tuesday.

The plan, which builds off of China’s 14th Five-Year Plan published earlier this year, comes as the country has pushed forward its regulatory framework for data and technology. It re-affirms data as a “factor of production” and a “national strategic resource”.

The plan contains six key tasks, including improving the “marketisation” of data, improving computing power, and playing a leading role in developing global technology standards.

It also called for strengthening of management of cross-border data flows and more support for open source initiatives.

The scale of China’s big data industry will exceed 3 trillion yuan ($470.79 billion) by the end of 2025, MIIT estimated.

Beijing implemented two key laws this year the Personal Information Protection Law and the Data Security Law, which govern how companies and organisations may store and move data.

($1 = 6.3723 Chinese yuan renminbi)

https://www.reuters.com/technology/china-urges-stronger-cross-border-security-big-data-2021-11-30/

 

Category: China

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