Key Highlights:
- The Cyberspace Administration of China has put forth a proposed draft in which they assert that government oversight is unnecessary for data exports unless regulators have explicitly categorized the data as “important.”
- The European Union Chamber of Commerce in China has remarked that the new “draft regulation alleviates certain challenges related to cross-border data transfer and the protection of personal information.”
- According to the latest annual survey conducted by the U.S.-China Business Council, the second most significant challenge faced by its members this year pertains to issues concerning data, personal information, and cybersecurity regulations.
https://www.cnbc.com/2023/10/06/china-plans-to-ease-one-of-the-biggest-hurdles-for-foreign-business.html
