Two-year pilots seek to remove barriers to factor flows and promise equal access for different ownership forms. Extending markets to data and technology shows how reform has shifted from price liberalization toward building national factor markets, with land rights and data control still politically bounded.
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What did the 2025 factor-allocation pilots promise across forms of ownership?
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Explanation
Pilots were intended to reduce barriers and provide equal factor access and legal protection for different ownership forms.
China’s 2025 factor-allocation pilots include technology and data markets.
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Explanation
The plan covers traditional factors and developing technology and data markets.