The US-China Business Council hosted a discussion with Edward McNicholas, Partner and co-leader of Sidley’s Privacy and Cybersecurity practice, and Stephenie Gosnell Handler, Senior Associate in Hogan Lovells’ Cybersecurity and International Trade and Investment practices. The event covered the evolving US-China cybersecurity landscape, recent regulatory developments, and how national security concerns are impacting the US-China commercial relationship.
China started rolling out cyber and data protection reforms in 2017, with the most recent set of rules outlining the government’s broad supervision and inspection authorities going into effect November 1. The US has recently moved to strengthen government review of foreign investment through the CFIUS process and export control procedures with an increasing focus on critical technologies, data protection, and cybersecurity. In the context of on-going trade tensions, the panel spoke about what these regulatory reforms mean for US businesses, what some of the main pitfalls are, and how companies should ensure compliance and prevent risk.