While China is growing in appeal and legal pace, it’s important to keep up with the changes. The report here contains dozens of pages with basic legal information on the Chinese legal system.
75% is not familiar at all with a new regulation that may be as important as the EU GDPR.
2% are well familiar and 14% are very concerned.
Such new law will require data to be saved within Chinese borders and may be followed by further regulation.
More attention to personal data is among the highlights of this new law.
China is easing its claws on JVs and fully foreign owned entities. Let’s stay tuned on the new Negative list.