Shanghai opens data economy industrial park in pilot free-trade zone Lingang amid China’s AI push
- The International Data Economy Industrial Park aims to draw more than 100 leading data firms with a combined output of over 100 billion yuan by 2025
- The park will serve as a stress test for China’s goal to join international trade pacts, including the CPTPP
Shanghai has opened an expansive industrial park focusing on the data industry, as the city pushes forward its ambitious three-year digital economy blueprint as part of China’s efforts to boost digital trade.
The International Data Economy Industrial Park, located in the pilot free-trade zone of Lingang, is tasked with “implementing safe and orderly cross-border flows of international online data”, according to a policy document unveiled by Lingang officials at the International Data Economy Industry Cooperation Conference on Friday.
Under the plan, the park aims to build itself into an international industry cluster with more than 100 leading data companies and a combined output of over 100 billion yuan (US$13.6 billion) by 2025.
The trade bloc currently includes Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
