China has unveiled plans to invest a substantial $272 billion into its national data infrastructure over the next five years, aiming to create a unified national data market. The initiative, led by the National Development and Reform Commission, will allocate approximately 400 billion yuan (around $54.5 billion) annually from 2024 to 2029.
Zhulin Shen, deputy director of the National Data Administration, highlighted that the ambitious project will enhance the country’s data capabilities, improve digital services, and foster innovation. The total investment over the period is expected to reach 2 trillion yuan (roughly $272.7 billion).
This initiative is part of China’s broader strategy to strengthen its digital economy and infrastructure, as the country seeks to remain at the forefront of global technological advancements. The development of a more integrated and efficient data market is seen as a key pillar of this strategy.
