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#ChinaDataGovernanceWatch #NDA Guangdong explores data circulation transaction management: refining data broker review, and data asset registration taking into account safety and efficiency. A thread.🧵
m.21jingji.com/article/202304…
m.21jingji.com/article/202304…
Guangdong wants to lead in the implementation of December 2022 Party Central Committee blueprint for the data economy. Proposal for comment is for framework for data trading, as part of broader effort to leverage data as fifth factor of production.
Key elements of what appears to be well thought out proposal: Outlines legal responsibilities of and definitions for the main market participants, including data exchanges, data brokers, and data vendors; mandates the creation of supervisory mechanisms.
