Framework and Pathway for the Construction of a Unified Data-Element Market in China

Xiaohong Chen , Canran Xiao , Wenzhi Cao , Weiwei Zhang , Yongmei Liu

Strategic Study of CAE ›› 2025, Vol. 27 ›› Issue (1) : 40 -50.

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Strategic Study of CAE ›› 2025, Vol. 27 ›› Issue (1) : 40 -50. DOI: 10.15302/J-SSCAE-2024.07.017

Framework and Pathway for the Construction of a Unified Data-Element Market in China

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Abstract

The digital economy has become a prevailing trend in contemporary development. Establishing a national unified data-element market is crucial for advancing the digital economy and accelerating the formation of a new development pattern. This study explores the concept and implications of a unified data-element market. Considering the current status of the data-element market, this study summarizes the challenges faced in building such a market in China, including issues related to the institutional system, infrastructure, technical services, and market standards. A multi-layered data-element market structure is constructed, and a targeted framework for China's unified data-element market is proposed, along with key points for building a market ecosystem, transaction platforms, and support systems. Moreover, the study proposes a "two-stage, four-step" development path, emphasizing the high-quality supply and secure storage management of data elements during the market infrastructure construction stage, as well as the efficient trading circulation and practical application performance during the scenario-driven service stage. Furthermore, it is recommended to increase policy support, strengthen infrastructure construction, standardize data norms, break down data barriers, and foster a favorable ecosystem to expedite the establishment of a healthy, stable, and efficient data market, thereby promoting the high-quality development of the digital economy.

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Keywords

data element / unified large market / market ecosystem / scenario-driven / data interaction / data standards

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Xiaohong Chen, Canran Xiao, Wenzhi Cao, Weiwei Zhang, Yongmei Liu. Framework and Pathway for the Construction of a Unified Data-Element Market in China. Strategic Study of CAE, 2025, 27(1): 40-50 DOI:10.15302/J-SSCAE-2024.07.017

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Funding

Chinese Academy of Engineering project "Strategic Research on Data Security and Digital Regulation"(2023-33-08)

Xiangjiang Laboratory Major Project(23XJ01007)

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