×

China's Cybersecurity Regulations: What Do They Say?

2021-12-02
China’s cybersecurity regulations are being further strengthened with the release of a new set of measures to beef up the requirements of existing data protection and cybersecurity laws. The new Regulation expands and clarifies requirements for companies to protect data and networks in several areas, including handling of ‘important’ data, cross-border data transfer, personal information protection, and responsibilities of internet platforms.

Featured Business News

Vietnam Briefing

Annual Audit And Compliance In Vietnam: New Magazine Out Now

12/02/2021

The latest issue of Vietnam Briefing Magazine, titled “Annual Audit & Compliance In Vietnam: Preparing For 2022" is out now and currently available to subscribers as a complimentary download. The first quarter is always a busy time for foreign investors in Vietnam. Compounding license renewals and issues of new regulations, preparation of annual reports present significant compliance tasks for enterprises of all sizes. Shifting regulations, changing interpretations of existing legislation, and convergence with international norms coalesce to form a compliance environment that could potentially trigger significant costs. We explain how to prepare for your audits and avoid mistakes.

ASEAN Briefing

Singapore Issues New Supply Chain Initiative To Help SMEs

12/01/2021

Singapore’s Deputy Prime Minister Heng Swee Keat announced the launch of an S$18 million (US$13.1 million) Supply Chain 4.0 Initiative at the Industrial Transformation Asia-Pacific (ITAP) 2021 event. The initiative aims to integrate more technology to assist small and medium-sized enterprises (SMEs) with any future disruptions to supply chains. This means developing digital and automated solutions such as artificial intelligence (AI) that can meet the demands of businesses.

Vietnam Briefing

Vietnam's New Measures For Business Support And Obtaining Foreign Work Permits

12/01/2021

Vietnam remains a hotspot for foreign trade and investment. Companies operating in Vietnam can access and benefit from several incentives and recovery measures to ease the transition from the pandemic to business as usual. Foreign investors relying on the expertise of foreign workers can now access a more favorable legal framework aimed at easing the procedures required to issue and renew work permits.

China Briefing

China Sets Up New Anti-Monopoly Bureau

11/30/2021

China is getting serious about its crackdown on monopolies and has elevated the position of its market regulator’s antitrust investigative unit. In this article, we discuss the latest developments and creation of the new Anti-Monopoly Bureau.

ASEAN Briefing

Why Vietnam's Agtech Industry Will Aid Its Hi-Tech Growth

11/30/2021

Agriculture is an important economic sector in Vietnam. In 2020, agriculture, aquaculture, and forestry sectors contributed 14.9 percent to Vietnam’s GDP, which is lower than 41.6 percent of the service and 33.7 percent of the industry sector. Vietnam’s government has stated that it is important to develop a production value chain of high-added value farming products while promoting the link of cooperatives with businesses, as well as to encourage technology transfer and provide preferential loans to agricultural cooperatives.

India Briefing

India And United States Agree On Transitional Equalization Levy For Digital Tax

12/01/2021

India and the US have reached an agreement on the imposition of equalization levy or digital services tax till the implementation of OECD Pillar One or March 31, 2024 – whichever is earlier.

The Bigger Picture

Silk Road Briefing

China Pledges US$40 Billion In Multiple Infrastructure Projects For Africa

12/02/2021

The 2021 Forum on China-Africa Cooperation (FOCAC) has concluded, with China continuing its commit to the African continent in both trade and the potential for additional infrastructure loans. With Chinese President Xi Jinping appearing by video, his speech to the forum included a number of new commitments, including increase of Chinese imports of African products, Chinese participation in African poverty reduction programmes, a green development programme, a capacity building programme and a digital innovation programme.

Russia Briefing

Russia Prepares For 2022 Africa Summit As Trade And Investment Increases

12/02/2021

Russia is preparing for the second Russia-Africa summit, which is now scheduled for October-November 2022 in Addis Ababa, Ethiopia. A coordination council has been established under the aegis of the Secretariat of the Russia-Africa Partnership Forum (RAPF). The announcement comes just as the latest China Africa Cooperation Forum has just concluded in Senegal. Russia, like China, sees the same trade opportunities as AfCFTA make a difference.

Silk Road Briefing

The Financial Structuring Behind The EU's €300 Billion Global Gateway Plan

12/01/2021

Ursula von der Leyen, the President of the EU Commission, has today unveiled the latest EU ‘Global Gateway’ plan, a €300 billion spend to mobilize up to €300 billion in public and private funds by 2027 to finance EU infrastructure projects abroad. We look at where the money is coming from.

Silk Road Briefing

The Organisation Of Turkic States Rebrands With Intention To Balance Central Asia

11/30/2021

A renewed Turkic regional emphasis will be of concern to China, Russia, the EU and United States depending on which way Ankara decides to point.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
Never miss an update

 

WHO WE ARE

Asia Briefing publishes articles, magazines, and guides on doing business in Asia.
It has been produced by Dezan Shira and Associates since 1999.

ASIA BRIEFING DEZAN SHIRA & ASSOC. ASK US A QUESTION
Back to top