China is likely to see a total investment of around 2 trillion yuan ($280 billion) over the next five years to build out critical data infrastructure, in a sign of the country's commitment to developing its data economy and related industries.

Construction of data infrastructure will help establish clear property rights for data assets and facilitate trading and security management, said Liu Liehong, head of China's National Data Administration (NDA), which was officially launched last month, on November 23.

It will also create opportunities to expand the size of the data industry and promote the healthy development of the digital economy, Liu said.

Initial estimates from the industry suggest data infrastructure projects could attract around 400 billion yuan in direct investment annually over the five-year period, Liu said.

In his first comprehensive definition of the concept, Liu described data infrastructure as comprising network infrastructure, computing power infrastructure, circulation infrastructure and security infrastructure.

These four pillars provide capabilities to support the full process of data collection, processing, circulation, application, operation and security protection, according to Liu.

Analysts said the focus on data infrastructure points to investment opportunities in companies with strengths in areas like data collection, processing and security.

(Writing by Alex Guo  Editing by Harry Huo)
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