BEIJING, June 24 -- China's data-driven approach to development has resolved growth bottlenecks in key sectors and facilitated industrial upgrades since the country began implementing a three-year action plan to promote data as a key production factor and enhance its role in economic and social development, the National Data Administration said on Tuesday.

The 2024-2026 action plan has achieved phased results since it was launched more than a year ago, identifying a number of outstanding solutions for data development and utilization, and effectively promoting the release of data element values in various sectors, administration official Luan Jie told a press briefing.

The People's Bank of China is undertaking a financial digital transformation and upgrading project and a demonstration project to empower rural revitalization with financial technology, Luan said. And the China Meteorological Administration has built a global-to-local meteorological data system covering the past, present and future. It has released over 100 types of data to the public, sharing 13 petabytes of data with over 1.3 million users, she added.

The administration will accelerate efforts to explore new models and pathways to unlock the value of data elements, Luan said. She encouraged more enterprises to join relevant pilot projects, fostering collaboration to harness the potential of data and drive high-quality growth across industries.