Data new oil of the digital economy

"Data has now become a crucial element in reshaping the global digital industry's competitiveness," said Xue Lan, dean of the Schwarzman College of Tsinghua University, at the 2024 RCEP Media & Think Tank Forum on May 19. He said cross-border data drives significant economic value by permeating new formats and models of digital trade, and the RCEP also provides crucial new opportunities for businesses in digital trade.