A worker checks equipment at a big data lab in southwest China's Guizhou University. (PHOTO: XINHUA)

By ZHONG Jianli

China recently released a document detailing a host of specific measures to build basic systems for data, and explore the potential of its massive data resources, which has become a new type of valuable product.

The document, jointly released by the Central Committee of the Communist Party of China and the State Council, says that the country's systems for data will involve the establishment of a data property system, a circulation and trading system, an income distribution system, and a governance system.

It will help make best use of data resources, give new impetus to the real economy, and strengthen and expand the country's digital economy.

The move will also promote sharing of the development dividends of the digital economy, and at the same time, improve the governance efficiency of data resources and modernize the data governance system and capacity.

Establishing a mechanism for the safe, compliant and orderly cross-border circulation of data is highlighted in the document. It calls for international cooperation in data exchange, business interoperability, mutual recognition of regulations, and sharing of services, and promotes the building of cross-border digital trade infrastructure.

Domestic and foreign enterprises and organizations are encouraged to cooperate in cross-border data flow businesses, in accordance with laws and regulations.

In view of typical data application scenarios such as cross-border e-commerce, cross-border payment, supply chain management and service outsourcing, it is necessary to explore secure and standardized cross-border data flow modes, according to the document.

In addition, Zhejiang province in east China, along with other regions, as well as industries and enterprises, are encouraged to play the pioneering role in exploring new practices in this regard.