2. New element: data

A screen showing big data analysis on display at the stand of China Telecom during the 2016 Mobile World Congress (MWC) in Shanghai, June 29, 2016. [Photo/IC]

Data, the core production element in the era of information economy, can be shared and its use is increasing. It also boasts hybridity and immediacy.

It is gradually replacing the original scarce resources and boosting productivity, such as in the labor force and capital.

As big data can restore the objective world, data can create a new physical world that integrates virtuality with physics. And the cross-boundary convergence of data will derive new sectors of data service and achieve new economic growth.