Recently, the ''Data Elements X'' Application Conference was held in Fengtai, Beijing, marking the establishment of the country's first National Data Talent Innovation Base.

In recent years, Fengtai District has actively implemented Beijing's strategy to build a global benchmark city for the digital economy. In 2023, the district had 421 digital economy core industry enterprises above designated size, an increase of 49 from the end of 2022. The added value of digital economy reached CNY 70.38 billion, a year-on-year growth of 7 percent, maintaining a good growth momentum.

On-site reports indicated that following the establishment of the National Data Talent Innovation Base, a series of measures will be launched, including nurturing high-quality data broker enterprises and empowering high-quality development of the data element industry; initiating the formation of "China's First Data Broker Industry Association" to develop industry standards. The base will also explore data trading models, generating replicable institutional results and practice cases that can be rolled out elsewhere, providing more convenient and efficient digital transformation services for government agencies and enterprises in Beijing and even China.

Moving forward, Fengtai District will also strive to create a "Data Element Research Institute," helping the Lize Financial Business District to lead the development of data element industry, and making Fengtai home to world-class new quality productive forces for data elements.

(Source: Fengtai District People's Government of Beijing Municipality)