The Ministry of Industry and Information Technology ("MIIT") recently enacted and issued the Guiding Opinions on Industrial Big Data Development (Draft for Comment) (the "Draft for Comment") for public consultation. Public consultation has ended.

The Draft for Comment sets the goal of basically establishing four systems in resources, integration, industry and governance regardingChina's industrial big data, creating a landscape of closed-loop development that integrates aggregation and sharing of data, data technology products, integrated data application, and data governance, greatly exploiting the potential values of industrial big data, and turning industrial big data into a key factor and innovative driver to high-quality industrial development, by the year 2025. With the focus on four major systems in resources, integration, industry and governance, the Draft for Comment maps out nine key tasks and three programs, expressly stating that actions will be taken to promote transfer and exchange of industrial big data, expand the application of emerging technologies, such as 5G and Narrow Band Internet of Things (NB-IoT), in industrial scenarios, advance the deployment of Internet Protocol Version 6 (IPv6), and transform and upgrade intranets and extranets of industrial enterprises. Furthermore, the Draft for Comment proposes five safeguard measures, including improving the mechanism for coordinated progress and giving stronger fiscal, tax and financial support.

(Source: Ministry of Industry and Information Technology)