Tag

Data Flows

All articles tagged with #data flows

businesseconomy1 year ago•2 min saved

China Implements Comprehensive Strategy to Attract Foreign Investment and Talent

Chinese Premier Li Qiang announced plans to issue new regulations on market access and cross-border data flows, welcoming companies from all countries to invest in China. The country aims to develop emerging industries such as biological manufacturing, artificial intelligence, and the data economy, while also easing some rules on foreign investment and data exports. With a focus on stabilizing economic growth, China's $18 trillion economy faces challenges including a property crisis, local government debt woes, and cooling foreign investment, prompting efforts to create a level playing field for foreign firms and lift curbs on overseas access in various industries.

via Reuters|

#businesseconomy #china #data-flows

business2 years ago•4 min saved

Navigating China-EU Relations: Balancing Cooperation and Rivalry

China has offered a surprise concession to the EU by agreeing to move on data flows, a sphere where it has been trying to restrict the ability of foreign companies to export data generated within the country. This move is seen as an attempt to keep foreign investors onside amid growing fears about China's precarious economy. While the EU welcomes this development, it remains cautious and will wait to see how Chinese authorities implement the new provision. China's self-correction is seen as a response to its own problems rather than an act of benevolence, and the EU should leverage China's underperforming economy to push for further opening up.

via POLITICO Europe|

#business #china #data-flows

business2 years ago•1 min saved

US Online Brokers Remove China Apps Amid Regulatory Pressure.

Two Nasdaq-listed online brokerages, Futu Holdings and Up Fintech Holding, are planning to remove apps from online stores in China that allow their customers to trade stocks overseas, amid tightening controls by Beijing on private firms, capital flight and data flows. Futu offers services to Chinese citizens who already hold dollars and other currencies in bank accounts abroad.

via The Wall Street Journal|

#business #capital-flight #china