Mallika Dureja
The Wall Street Journal reported on Monday that China plans to establish a new government agency to centralise administration of the country’s vast data stores in an effort to address businesses’ data-security practises and streamline its regulatory structure.
The National People’s Congress will debate and approve the new agency on March 13 during its annual session, according to a report citing sources with knowledge of the matter. The new agency is expected to become China’s top regulator for data-related issues.
It was stated that the new national data bureau would establish and enforce rules for the collection and sharing of business data, as well as determine whether multinational corporations can export data generated by their operations in China.
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The newspaper reported that it would also investigate various issues in the digital domain and identify data-security vulnerabilities susceptible to cyberattacks.
Recently, Chinese regulators relieved some deadline pressure on multinational corporations struggling to comply with new regulations requiring them to seek approval before exporting user data.
