2025-04-07
China’s Data Market Transaction Volume Grew by Over 30% Year-on-Year Last Year
According to the National Data Administration, the transaction volume of China’s data market is estimated to have topped 160 billion yuan in 2024, up more than 30% year-on-year. Notably, the transaction volume in the exchange-traded market has doubled compared to last year.
Since its establishment just over a year ago, the National Data Administration has focused on the market-oriented reform of data elements, aiming to ensure that data is “available, flowable, usable, and secure.” These efforts have significantly empowered economic and social development, achieving substantial progress.
In terms of strengthening the institutional framework, the National Data Administration has concentrated on key reform tasks since 2024, issuing 21 policy documents on data ownership, circulation, transactions, profit distribution, and security governance, thereby laying a solid foundation for data-related systems.
In terms of public data resource development and utilization, China’s total production of data resources continues to rise, with an expected year-on-year increase of over 20% in 2024. The national platform for public data resource registration, launched on March 1 this year, has approved 700 data entries by March 30, with a total data storage scale of 239.23TB.
In terms of national data infrastructure development, the National Data Administration is working on establishing 41 national standards in the data field. It is also coordinating with 18 cities, including Beijing and Shanghai, to pilot six key technological approaches, such as trusted data space, data fields, Data Switching Service Network (DSSN), data components, blockchain, and privacy-preserving computation. These efforts aim to accelerate the large-scale deployment and systematic application of national data infrastructure.
