China Loosens Cross-Border Data Rules After Business Pressure

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

(Bloomberg) -- China relaxed rules governing cross-border data flows, addressing a key concern of foreign businesses that had complained previous regulations...

-- China relaxed rules governing cross-border data flows, addressing a key concern of foreign businesses that had complained previous regulations were disrupting their operations.Yemen’s Houthis Tell China, Russia Their Ships Won’t Be Targeted

“The relaxations are meaningful. This is the government’s response to foreign companies’ complaints,” said Tom Nunlist, an analyst at consultancy Trivium.The new rules were largely in line with a draft released last year, which stated that what counts as “important” data must be specified by regulators and can otherwise be treated as non important. In theory, that will reduce uncertainty about what kinds of data can be transferred freely.

Organizations dealing with “critical infrastructure” or handling personal data of more than 1 million people still will need to pass security assessments in order to transfer data, the regulator said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China Loosens Cross-Border Data Rules to Ease Business PressureChina relaxed rules governing cross-border data flows by narrowing the kinds of data that require security evaluation, addressing a key concern of foreign businesses who have said the previous regulation disrupted their operations.
Source: BNNBloomberg - 🏆 83. / 50 Read more »