China's data security sector to cross 150bn yuan by 2025

China aims to increase the market size of its data security industry to over 150 billion yuan ($22.3 billion) by 2025, with a compound annual growth rate of more than 30 percent, according to a guideline unveiled by 16 ministries including the Ministry of Industry and Information Technology.

The move is the latest push by China to better activate the value of data elements, and inject fresh impetus into economic growth.

By 2025, China also aims to build three to five national data security industrial parks, and 10 pioneering zones for innovation and application of data security technologies, the guideline said.