China has set up a centralised national data group to turn the country's vast stores of data into a resource for artificial intelligence and economic growth, the South China Morning Post reports.
The company, founded on 20 October as a centrally managed state-owned enterprise, is based in Xiongan New Area in Hebei province. It is backed by major state firms including China's big telecoms carriers and power grid operators. Speaking at its launch, Vice-Premier Ding Xuexiang called it a major strategic decision to strengthen the country's competitiveness in AI and the digital economy.
Experts quoted by the paper said its success would depend on breaking down long-standing barriers that stop government bodies and companies from sharing data with one another.
Source: South China Morning Post
