China's National Data Bureau said a series of forums assessing the 1H digital economy found early emergence of token-based pricing and utility-pay models, rapid expansion of digital consumption, continued growth in digital trade, and active investment in the digital economy, highlighting the sector's resilience and potential and adding momentum to the national economy. The bureau said it will continue to refine the market-oriented data-factor allocation reform "531" system, expand value-extracti

China's National Data Bureau said a series of forums assessing the 1H digital economy found early emergence of token-based pricing and utility-pay models, rapid expansion of digital consumption, continued growth in digital trade, and active investment in the digital economy, highlighting the sector's resilience and potential and adding momentum to the national economy. The bureau said it will continue to refine the market-oriented data-factor allocation reform "531" system, expand value-extraction pathways for data elements, accelerate building a data-as-key-factor digital economy, align policy with the 15th Five-Year Plan deployment, intensify monitoring of digital-economy developments, prepare policy reserves, and promote deeper integration of the digital and real economies to strengthen and scale China's digital economy. (National Data Bureau)