SHANGHAI, Nov 30, China's Ministry of Industry and Information Technology MIIT called for improved cross-border security management of big data until 2025, in a five-year plan published on Tuesday.
The plan, built off of China's 14th Five-Year Plan published earlier this year, comes as the country pushes forward its regulatory framework for data and technology. It reaffirms data as a factor of production and a national strategic resource. It includes six key tasks, including improving the marketization of data, improving computing power, and playing a leading role in developing global technology standards.
It also called for a strengthened management of cross-border data flows and more support for open source initiatives.
By the end of 2025, the Chinese big data industry's size will surpass 3 trillion yuan $470.79 billion, according to MIIT.
This year, Beijing implemented two key laws - the Personal Information Protection Law and the Data Security Law, which govern how companies and organisations can store and move data.