EU businesses concerned about lack of clarity in China's data laws

Businesses in the European Union are concerned about the lack of clarity in China's data laws, which could result in long processes and difficulties in trading. China amplified its counter-espionage law in July, leaving foreign firms confused about where they might potentially overstep the line. The European Commission's digital chief held talks with Chinese officials yesterday on critical areas such as AI and data governance.

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[awesome]

Its like showing them your bank account😂😂😂😂

[happymelon]

15-9-2023 Vietnam's factory doldrums show limits of shift out of China
Export contraction continues into eighth month.
Weakening global demand has left Vietnam facing its worst factory downturn in a decade, a sign that the shift in supply chains away from China has benefited the Southeast Asian country less than expected.

Shipments of Samsung phones and Adidas shoes have slowed in the country, a top producer of electronics and textiles, and overall exports plunged 10% on the year in January through August, the latest data shows. That is a sharp contrast with the 17% growth recorded a year earlier.
But in addition to a weak global economy, the Southeast Asian country has been beset by red tape and power outages disrupting work across industries.

[lonewolf]

Why is eu member Netherland banning the sales of advanced semiconductor equipment to China? "Rules based international order" is it? 🤨🤨

[lonewolf]

REal GDP growth for 2023: Germany -0.1, UK -0.3, France 0.7, Italy 0.7, Russia 0.7,
US 1.6, China 5.2. 🤨🤨

[ArabicReja]

Here's what China's 🇨🇳 leadership fears the most:
- voting,
- freedom of speech,
*- transparency, * and
- the international rules-based system.

[lonewolf]

"Ms Jourova also highlighted China is a partner, competitor and rival in the area
of digital practices..." So basically following the Godfather's order to try and "Tonya Harding" China's hi tech industry. ⛸⛸