Key facts
- The new entity is a centrally administered state-owned enterprise.
- It is tasked with developing and using the country's data resources.
- Major state-owned telecom operators and power utilities are backing the group.
China has established the China National Data Group Co. Ltd., a centrally administered state-owned enterprise. The company is tasked with developing and utilizing the nation's data resources, marking a significant step in Beijing's multiyear effort to treat data as a factor of production and to support artificial intelligence development. The initiative is backed by major state-owned telecom operators and power utilities.