Lance Yau
Senior Manager, Business Advisory Services
Beijing
Senior Manager, Business Advisory Services
Beijing
Lance is part of USCBC’s Beijing office, covering cyber, data, and ICT-related issues for members. Lance has also worked on USCBC’s healthcare and decarbonization portfolios. Prior to joining USCBC, Lance worked in public affairs in Beijing, covering issues in the US-China relationship related to trade, technology, and security.
As a native of Queens, New York, Lance has also lived in Massachusetts, Tennessee, Virginia, Hong Kong, and Taiwan. A strong interest in contributing to global development and stability guided his study of international relations, intercultural communication, and global history, all of which he brings to his role with the intent to accentuate the perspectives of USCBC members.
Lance enjoys reading, writing, and getting to know others and their areas of interest. In addition, he has a long-standing passion for basketball and a maturing one for squash. Lance holds a master’s in professional communications and a BA in political science from Clark University.
In the last year, the Cyberspace Administration of China (CAC) adjusted its rules for cross-border data transfers (CBDT) in what appears to be a slowly loosening government approach to managing data flows. However, given that many fundamental regulations remain in draft form and key terms remain undefined, the change in approach has not yet materialized into lighter compliance burdens for companies.
A four-hour meeting between President Joe Biden and President Xi Jinping on the sidelines of this year’s APEC summit in San Francisco served as a pivotal juncture in thawing relations between the United States and China. The meeting laid the groundwork for expanding communication across multiple levels of government, but it remains to be seen what this will look like in practice and how it will impact US-China commercial relations.
Amid a slowdown in economic growth and reduced domestic consumption, China’s State Council released a 24-point guideline that emphasizes the importance of attracting and utilizing foreign investment to establish what is described as a “new open economic system.” The document, published last month, is essentially a guidebook for other Chinese policymaking bodies which are expected to implement the opinions.
On March 16, the CCP Central Committee and the State Council released a reform plan for Party and state institutions as part of the annual Two Sessions conference. The plan calls for the creation of a new data regulator, which this article refers to as the National Data Bureau, to consolidate the management of China’s burgeoning data markets.
Now that more than half a year has passed since China began its re-opening, the latest healthcare policies are a return to longer-term goals and institutional reforms. That said, several actions appear to be, in part, influenced by the experiences of the past three years.