China Introduces New Rules Governing Cross-Border Transfers of Data

Matthew Margulies, a senior vice president at the business chamber US-China Business Council, said China was already a “high cost, high compliance, highly complex operating environment” for many foreign companies. “Requiring complex government reviews of data transfers will slow down business and weaken China’s ambitions to be a more friendly business environment for multinationals,” he said, as companies are facing economic headwinds.