fredag 20. august 2021

China passes sweeping data privacy law, stinging tech stocks again

China has passed sweeping new rules about the collection and use of personal data as Beijing toughens its regulation of the country's tech companies. The Personal Information Protection Law — which was approved Friday by the Standing Committee of the National People's Congress, and which will take effect November 1 — prohibits "illegally collecting, using, processing, transmitting, disclosing and trading people's personal information," according to state-run Xinhua News Agency.

Before this, China had no law in place specifically dealing with the collection and use of such data. Law enforcement had relied on legal provisions scattered across existing laws to handle cases related to data privacy. The full text of the law is not yet public, but Xinhua reported that, among other things, it "clarifies" rules governing the "processing" and "provision" of personal information across borders.