The scale of China’s big data industry is expected to exceed three trillion RMB by 2025, with a compound growth rate of around 25%, according to a development plan for the big data industry in China. during the period of the 14th five-year plan (2021-2025). published by the Ministry of Industry and Information Technology (MIIT).
The plan also proposes to mainly establish a data element value assessment system, strengthen the foundations of the big data industry, create a stable and efficient industrial chain, and promote the positive development of ecology. industrial.
To achieve these goals, China will accelerate the growth of the data elements market and transform the inherent advantages of big data into important driving forces for the high-quality development of the industry.
The development of the telecommunications infrastructure must be accelerated, including the establishment of an integrated national big data center and a big data center for the industrial Internet. Technological innovation and standardization will also be strengthened.
Regarding the construction of a stable and efficient industrial chain, the plan proposes action to promote big data in raw materials, equipment manufacturing, consumer goods and electronic information. There will be further development and application of big data in nine areas, including telecommunications, finance and medical treatment.
To build a good industrial ecology, China plans to encourage the development of relevant companies, optimize public service through big data and promote the development of big data industry clusters.
Data security is also emphasized in the plan. The country aims to improve its data security management capacity, strengthen cross-border data security management and establish a data security monitoring system. MIIT also simultaneously released a development plan for the software and computer services sector, and a plan on integrating the Chinese industrial sector with information technology.
MIIT also called for better management of cross-border big data security until 2025, as part of a five-year plan. The plan comes as the country has advanced its regulatory framework for data and technology. It reaffirms data as a factor of production and a national strategic resource.
The plan contains six key tasks, including improving data commercialization, improving computing power, and leading the way in setting global technology standards. He also called for strengthening the management of cross-border data flows and more support for open source initiatives.
Beijing implemented two key laws this year – the Personal Information Protection Law and the Data Security Law, which govern how businesses and organizations can store and move data. As reported by OpenGov Asia, the Personal Information Protection Act contains provisions prohibiting the excessive collection of personal information and price discrimination based on big data against existing customers. By law, when delivering information and commercial marketing to individuals through automated decision-making, personal information processors must refrain from targeting users’ personal characteristics and offer them ways to reject the offer.
The law also requires the suspension or termination of services for applications that illegally process personal data. Prominent signs should be installed in public places where image acquisition and personal identification equipment is installed, stating that collected images and identifying information may only be used to ensure public safety .
Sensitive personal information, such as biological data, religious beliefs, health, financial and whereabouts information, and personal information of minors under the age of 14, is protected by law. They can only be processed for a specific purpose, sufficient necessity and strict protection measures.
Chinese internet companies have already introduced measures to reflect their information protection obligations, some even before the law is implemented. The Chinese e-commerce giant posted a notice on its open platform to strengthen the protection of sensitive information in consumer orders, launching a consumer sensitive information protection plan to encrypt sensitive information.