Core Viewpoint - The National Bureau of Statistics announced the launch of the "Data Element ×" three-year action plan by the end of 2023, aimed at empowering local transformation and development through data elements [1][2]. Group 1: Policy Implementation - Local governments have effectively strengthened policy alignment and support for the "Data Element ×" action, with over 10 provinces and cities, including Shandong, issuing comprehensive or specific work plans [1]. - Many regions have established project, scenario, case, and expert databases to implement tailored strategies for enterprises, enhancing investment and problem-solving efforts [1]. Group 2: Value Release and Innovation - Various regions are exploring diverse paths for releasing the value of data elements, including optimizing internal data for cost reduction and enhancing collaboration among supply chain enterprises [2]. - Public data is being utilized to improve government governance and public service levels, with new applications emerging from the integration of various data sources [2]. Group 3: Competitions and Future Directions - The "Data Element ×" competition has seen over 22,000 teams register, with nearly 900 projects selected for the national finals, scheduled for mid to late October in Beijing and Shanghai [3]. - The National Bureau of Statistics plans to guide localities in deepening the action's implementation and exploring innovative applications of data elements to drive high-quality local development [3].

Core Viewpoint - The recent approval by the State Council to conduct comprehensive pilot reforms for market-oriented allocation of factors in 10 regions is crucial for building a unified national market and enhancing the socialist market economy system [1] Group 1: Economic Significance - The total economic output of the pilot regions exceeds one-quarter of the national total, indicating strong foundational development and significant potential for driving economic growth [2] - The pilot reforms aim to optimize resource allocation efficiency and maximize benefits by facilitating the smooth flow of factor resources across regions and sectors [2] Group 2: Scope of Factors - The pilot reforms encompass a wide range of factors, including traditional elements like land, labor, and capital, as well as new types such as data, computing power, airspace, and spectrum allocation [2] Group 3: Systematic Integration - The reforms emphasize systematic integration and efficient collaboration, proposing specific measures and task arrangements focused on key projects and development areas [3] Group 4: Key Areas of Reform - The pilot will advance market-oriented reforms in technology, land, human resources, and capital, with a focus on creating a unified technical market system and enhancing market access and competition [4] - Land management reforms will grant pilot regions greater autonomy in land resource management, supporting the matching of new construction land with population trends [5] - Human resources reforms will prioritize employment opportunities and improve the flow of labor, aiming to create more high-quality jobs and enhance public employment services [5] Group 5: Financial Support - The People's Bank of China is actively supporting the pilot reforms by enhancing financial services and promoting higher levels of financial openness and cooperation in the pilot regions [6] Group 6: Data Factor Initiatives - The establishment of a data factor market is a highlight of the reforms, with initiatives aimed at promoting efficient circulation and utilization of public data, as well as developing a national integrated data market [7] Group 7: Service Sector Development - The reforms also address the need for factor support in the service sector, particularly in areas like elderly care, to stimulate market vitality and address supply shortages [8]

Core Insights - The "Data Element ×" initiative has achieved significant progress in over a year, uncovering a number of excellent data development and utilization solutions that effectively promote the release of data element value across various industries [1][2] Group 1: Initiative Overview - The initiative is driven by pilot projects in sectors such as financial services, meteorology, and traditional Chinese medicine, aimed at addressing challenges in data aggregation, circulation, and usage within industries [1] - A total of 48 typical cases of "Data Element ×" have been published, facilitating the use of data to solve industry development challenges and enhance quality [1] - The "Data Element ×" competition attracted over 19,000 teams and approximately 100,000 participants last year, resulting in a number of replicable, scalable, and high-value data development projects [1] Group 2: Future Directions - The National Data Bureau plans to continue advancing the "Data Element ×" initiative in collaboration with various departments, focusing on typical application scenarios to explore new models and pathways for releasing data element value [2] - There is an emphasis on encouraging more enterprises to participate in pilot projects, case selection, and competition activities to activate data element value and provide new momentum for high-quality development across industries [2]