China plans to create a new government agency to centralize management of the country’s vast data stores, the Wall Street Journal reported on Monday, in a bid to address data security concerns for companies and simplify its regulatory structure.
{{^userSubscribed}} {{/userSubscribed}}
{{^userSubscribed}} {{/userSubscribed}}
The report, citing people familiar with the matter, said the new agency, which will become China’s top regulator for various data-related issues, will be discussed and approved at the annual meeting of the National People’s Congress on March 13.
The new National Data Bureau will set and enforce data collection and sharing rules for companies and decide whether multinationals can export data generated by their operations in China, it said.
It will also investigate various issues in the digital sphere and identify gaps in data security that are vulnerable to cyber attacks, the newspaper reported.
Chinese regulators recently eased deadline pressure on some multinational companies struggling to comply with new rules requiring them to seek approval to export user data.
{{^userSubscribed}} {{/userSubscribed}}
{{^userSubscribed}} {{/userSubscribed}}
{{#content}} {{/content}}