Core Insights - The article highlights the transformation of Nanjing's Xuanwu District into a key hub for data element circulation in the Yangtze River Delta, driven by the shift from traditional growth models to a focus on data as a new production factor [1][3][4]. Group 1: Data Economy Development - Xuanwu District has embraced data as a new "land" to overcome limitations posed by land scarcity and slow growth in traditional commerce and services [3][4]. - The establishment of the Jiangsu Data Exchange and various data-related initiatives, such as the first battery digital passport innovation center and a compliance data cross-border service platform, marks significant progress in the region's data economy [1][4][5]. - The district's proactive approach to data cross-border services positions it as a leader in the national data element reform landscape, despite not being part of the initial pilot areas [4][5]. Group 2: Integration of Data and Industry - The integration of data elements with Jiangsu's manufacturing capabilities is crucial for fostering new productive forces, as evidenced by the establishment of national industry clouds in the district [5][8]. - The Xuanwu Big Model Factory has attracted numerous AI companies, facilitating collaboration between traditional manufacturing and advanced data technologies, thus driving digital transformation in the manufacturing sector [9][10]. - The district's initiatives, such as the development of a digital passport for batteries, enhance the competitiveness of local industries in international markets by ensuring traceability and compliance with new regulations [9][10]. Group 3: Institutional Innovation and Ecosystem Building - Xuanwu District is actively exploring legal frameworks and institutional innovations to support data asset rights, compliance transactions, and data security governance [13][14]. - The establishment of a data quality assessment base and a data element legal service laboratory reflects the district's commitment to creating a robust ecosystem for data transactions [13][14]. - The district's shift from a land-centric to a data-centric development model signifies a broader transformation in governance and economic strategy, emphasizing the importance of data in urban development [14][15]. Group 4: Future Prospects and Strategic Vision - The article suggests that the future of urban development will increasingly rely on the richness of data ecosystems rather than physical space, positioning Xuanwu District as a model for other cities facing similar challenges [17]. - The district's experience illustrates that data elements can serve as a catalyst for traditional industries to evolve, highlighting the need for continuous exploration and innovation in the digital economy [17].