Core Viewpoint - The article emphasizes the importance of data as a critical production factor in the digital economy, predicting that a 10% increase in data flow can lead to a 0.2% GDP growth, with an average profit growth rate of around 10% across industries due to data flow [1]. Group 1: Data Market Definition and Characteristics - The data market is defined as a new type of market where data products or services are the trading objects, involving data supply and demand parties to convert data elements into products through circulation [1][2]. - The trading objects in the data market include raw data, processed data, and standardized data service products, with diverse supply sources including businesses, government agencies, and data brokers [2]. - The data market differs from traditional markets mainly in pricing and trading mechanisms, with various pricing models such as pay-per-use, subscription, and revenue sharing to meet different application needs [3]. Group 2: Institutional Framework and Standards - Establishing a data market requires a robust institutional framework, including standardized data rules and regulations to address the challenges of data classification and integration [4]. - The first step in building a unified data market is to create a national standard for data classification, format, permissions, and security levels, aligning with international standards to enhance global compatibility [4]. Group 3: Cultivating Data Business Entities - Data business entities, referred to as "data merchants," are crucial for the development of the data market, providing services in data generation, management, circulation, and trading [5]. - Encouraging the opening of high-value public data and promoting the assetization of data resources among enterprises, especially in manufacturing and services, is essential for realizing data value [5]. Group 4: Infrastructure and International Cooperation - The construction of data infrastructure is vital for facilitating data transactions, requiring networks, computing power, and security facilities to enable safe and orderly data flow [6]. - International cooperation is necessary to enhance China's digital competitiveness, involving the integration of cross-border data flow into economic development plans and engaging in global data rule-making [7].