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China building regional big data exchange

Abstract : Central China's Hunan Province on Wednesday began building a regional big data exchange in the latest move to tap into the country's booming digital economy.

CHANGSHA, July 16
(Xinhua) — Central China’s Hunan Province on Wednesday began building a
regional big data exchange in the latest move to tap into the country’s
booming digital economy.

The Hunan Big Data Exchange, to be located in the provincial capital
Changsha, will trade “data products” from several southern provinces
including Fujian, Guangdong and Hainan, according to Hunan’s department
of industry and information technology.

The exchange will mainly trade geospatial data related to
communication, navigation, remote sensing and mapping, apart from other
government, corporate and financial data that can be legally traded.

Construction of the exchange, which is being built with an investment
of 300 million yuan (42.9 million U.S. dollars), is expected to finish
in December.

Facing economic pressures due to COVID-19, China has been seeking
more targeted investments in “new infrastructure” such as 5G networks,
big data centers and other projects that facilitate innovation and
strengthen weak links in economic and social development. Enditem

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Source: China building regional big data exchange

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