China: New Draft Data Security Bill May Force Foreign Companies to Hand Over Data

Chinascope

LTN: China Published Draft Data Security Bill

Major Taiwanese news network Liberty Times Network (LTN) recently reported that, in addition to passing the Hong Kong National Security Law, China’s 13th National People’s Congress also passed a draft Data Security Bill. According to the official draft version online, the proposed new law may require foreign companies operating in China to surrender operational data obtained outside China or face a fine or closure. Until August 16, the draft is currently seeking public opinion. The new proposed data law was drafted under the name of protecting “important data.” It has a broad definition of data whose breach can cause damage in areas of national security, economic security, and social stability.
[link to chinascope.org]

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All your data are belong to us says CCP