This paper contextualizes the current development of China's digital economy and introduces the concept of Industrial Data Space (IDS), emphasizing its pivotal role in future industrial advancement. Using Shanghai as a case study, we assess the necessity of establishing an IDS and analyze its current usage of industrial data, including the challenges and issues regarding data circulation. Learning from the experiences of Shenzhen, China, and key examples from Germany, we offer insights for Shanghai's IDS development. A comprehensive feasibility analysis, considering market demand, policy support, and technological capabilities, suggests that establishing an IDS in Shanghai is both viable and beneficial. Finally, we propose practical recommendations for its implementation. We believe that the Shanghai Industrial Data space will be successfully established in the next few years.

Shu Wu, Zhouqi Jiao, Xiyang Li, Chao Hu. Promoting the Circulation of Industrial Data Space Elements in Shanghai. The Frontiers of Society, Science and Technology (2023) Vol. 5, Issue 11: 29-33. https://doi.org/10.25236/FSST.2023.051105.

[1] Ying Liu. The latest development of global industrial data space and its enlightenment to China [J] .Information and Communication Technology and Policy, 2020(06):51-54

[2] Shanghai Municipal Bureau of Statistics. Shanghai Statistical Yearbook 2022 [Y]. 2022

[3] Kaixin Shi. Research on development bottleneck and countermeasures of industrial Internet in Shanghai [J]. Shanghai Business. 2022(02):28-33

[4] Southwest Securities Research and Development Center. Global gears turn, digital economy opportunities detailed [R]. Securities research reports • Macro thematic reports. 2023(02):2

[5] Oriental Securities Research Institute. China's data factor market is starting to take off [R]. Data element series reports. 2022(12):26

[6] Iresearch consulting cloud service group. Cloud service industry trends and hot research monthly report [R]. iResearch Inc. 2022(03):7