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China's political advisors offer suggestions on digital economy

By Sun Chi | chinadaily.com.cn | Updated: 2022-05-24 06:40
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Xiao Gang, former chairman of the China Securities Regulatory Commission. [Photo/Xinhua]

Xiao Gang: Build circulation and a trading system for data elements

He suggested accelerating legislation on data property rights; focusing on the deconstruction and division of data property rights; dividing original data providers and data element producers; clarifying the rights of data ownership, control rights, right of use and right of earnings; constructing the concept of data property rights; building a multi-level data trading market; strengthening and improving supervision over the circulation and transaction of data elements; increasing the criminal cost of illegal data transaction and intensify crackdown efforts.

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