China establishes National Data Group in Xiongan to drive AI data development

China has created a new state-owned enterprise, the National Data Group Co, based in Xiongan New Area, to manage and develop the nation's data resources for AI advancement. This move signals a strategic push to centralize data governance and accelerate the digital economy, though operational details and impact remain unclear. It underscores Beijing's intent to leverage data as a national asset in the global AI race.