It is necessary to closely follow the spillover of those complex risks, and take timely and targeted measures to prevent new systemic risks. Fourthly, clarifying data ownership. Chinese government has recognized data as a production factor together with labor, capital and technology. And clear ownership is fundamental to marketbased allocation and pricing of data.
Actions taken in this direction include: (a) the implementation as from February 2017 nationwide of a Social Solidarity Income programme (succeeding the minimum guaranteed income scheme); (b) measures to protect the unemployed and tackle extreme poverty; and (c) an increase in the child support benefit.