China-Asean Digital Silk Road under construction: China Daily contributor

One of the key factors for China-ASEAN digital economy cooperation is cross-border data cooperation, which may serve as the catalyst for their greater strategic synergy. One of the key factors for China-Asean digital economy cooperation is cross-border data cooperation, which may serve as the catalyst for their greater strategic synergy. - Reuters

BEIJING (China Daily/ANN): Data is in a stage of rapid growth. According to Statista, an international data organisation, the amount of data generated worldwide reached 59 zettabytes (59 trillion gigabytes) in 2020 and may increase about 35 times by 2035.

The economic value created by data is also booming. According to an International Data Corporation forecast in 2019, the global data market will feature three major players by 2025 - with the Chinese data market accounting for about 28 per cent of the pie; the United States about 17.5 per cent; and the Europe, Middle East and Africa region about 27.6 per cent.