Business Maverick: China Shakes Up Technology, Data Regimes to Counter US Curbs

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China granted a key ministry new powers and created a bureau to oversee increasingly valuable data, shaking up oversight of its vast technology arena as Xi Jinping’s administration battles the US in areas from AI to semiconductors.

The new agency could help Beijing tighten its grip over the valuable information gathered by swaths of the economy, including its internet industry. The government has sought to limit the power of its growing private sector by gaining control over the vast quantities of data generated across the country.

“National security concerns have brought the issue of data protection to the fore, on both sides of the divide,” said Tiffany Tam and Robert Lea, analysts with Bloomberg Intelligence. “While there are genuine concerns, the issue is becoming increasingly politicized.”Beijing also elevated the rank of its patent regulator — which will now report directly to the State Council — with the goal of improving China’s ability to create and protect intellectual property.

 

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