China’s digital economy accounts for almost half of its GDP and recent national planning aims to grow it by leveraging data as a key factor of production. To facilitate this, government agencies, enterprises, and service providers are creating rules and piloting new ideas such as Data Intellectual Property and Data Factorization. They are also developing IP registry standards and providing incentives and regulations for data factorization, data intellectual property, data assets, and other data-related components of the digital economy. Since 2019 the activities have picked up paces with multiple provinces and cities competing for first-in-the-nation statuses. It appears China is leading the world in a number of innovations in the coming data-centric economy.
Part of the book: Intellectual Property