Shanghai: Shanghai has set clearer targets to further strengthen two-way cross-border data flow, which will be conducive to improving production efficiency and high-quality economic growth, according to local industry experts and officials.
Facilitating data flow in major scenarios such as cross-border payment, e-commerce, data outsourcing and supply chain will be the main targets in the near future for International Data Port Co, which is tasked with helping Lingang Special Area of China (Shanghai) Pilot Free Trade Zone realize the strategic goal of becoming a global data hub.
Ni Xiaojie, deputy director of the data department for the Lingang Special Area Administration, said during a media briefing on Friday that the International Data Port, which was founded in August 2020 and is based in the Lingang Special Area, will serve to address China’s major strategies and better connect to internationally accepted digital trade rules, such as the Digital Economy Partnership Agreement. According to Li Jing, general manager of International Data Port, Shanghai is rich in finance, supply chain and trade data resources. The company can help enhance the efficiency of data utilization and attract foreign investment, as data flow is expected to become smoother, Li added. –The Daily Mail-China Daily news exchange item
