China has entered a new stage of integrated development of the digital economy and the real economy, and while data elements, as a new factor of production, have comprehensively empowered the development of other traditional factors of production, and carried out transactions with data products as the subject matter, further deepening the development of China's digital economy. As a new factor of production, data has the effect of amplifying, superimposing, and multiplying production factors such as land, labor, capital, and technology, and is promoting profound changes in production methods, lifestyles, and governance methods, and the construction of data factor markets is also accelerating. Data elements can empower other traditional production factors in an all-round way, improve total factor productivity, and thus improve industrial competitiveness. For example, the combination of data elements and labor can increase labor productivity;The combination of data elements and technology can accelerate technology iteration and promote the integration of production and researchThe combination of data elements and capital elements can reduce the uncertainty risk of the latter and enhance the breadth and depth of financial services. At this stage, the value-added benefits generated by data elements through circulation are also the more important value of data transactions.
In terms of the development of the global digital economy, the United States is the leader of digital development, and the level of digital development in various European countries is uneven. Nordic countries such as Sweden, Norway and Finland have always been leading the way in the field of digital development, while southern European countries such as Spain and Italy have been relatively slow in digital development. 