数字中国建设有望加速，数据要素价值或将释放

Investment Rating - The industry investment rating is "Positive" and maintained [7] Core Viewpoints - The release of the "Digital China Construction 2025 Action Plan" by the National Data Bureau marks a significant step towards local implementation, which is expected to accelerate the development of data elements and benefit the entire industry chain [2][4] - The plan aims for substantial progress in digital China construction by the end of 2025, with the core industry's added value accounting for over 10% of GDP, indicating a positive outlook for the data economy [4] - The action plan emphasizes the importance of public data development and utilization, particularly in data labeling, which is expected to support key industries and enhance data applications [4] Summary by Sections Policy Promotion - The action plan is the first guidance document issued to local data management departments, emphasizing the need for digital development to be prioritized at the local level [4] - It outlines eight major actions, including innovation in institutional mechanisms and the cultivation of digital talent, to promote the effective use of data elements [4] Data Economy Development - The plan projects that by 2025, the digital economy's core industry added value will significantly increase, with a focus on the data element market as a key area of growth [4] - The report suggests that companies with vast data resources and strong capabilities in data processing, management, and analysis should be closely monitored for investment opportunities [2][4]