China hopes to launch data as new asset class

Data will become a new tradable asset class on par with major commodities if China succeeds in a high-profile effort to monetize what some economists call the oil of the 21st century.

China’s top leaders hope that the establishment of the national-level Shanghai Data Exchange and the launch of the Data Security Law will help China lead the Fourth Industrial Revolution.

Earlier this year, Chinese Vice-Premier Liu He encouraged public and private sectors to trade or share their data, which has been defined by the Communist Party of China (CPC) as a key production factor in the digital economy. China’s new  Data Security Law creates guidelines for data sharing by internet companies 

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