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Data is becoming a critical battleground between China and the US
- Tuesday | 20th July, 2021
This September China is set to implement its Data Security Law, which requires companies that process “critical data” to conduct risk assessments and submit reports. Organisations that process data affecting national security must submit to annual reviews. That was quickly followed by the draft Data Security Law, which mandates mass auditing of big data. One Chinese tech stock index has tumbled 40% from highs early this year on a widening regulatory crackdown ranging from anti-competitive practices to data security. Foreign firms that collect data within China are required to undergo the same security reviews when transferring data outside the country.
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