China Finalizes Measures on Data Security in the Industry and Information Technology
A Chinese regulatory agency recently finalized the new rules on data security in the industry and information technology sectors, which will come into force next year. The rules set forth requirements for data classification, data protection and cross-border data flows.
South Dakota Government Announces Plan To Restrict Agriculture Land Purchases
Last week, South Dakota Governor Kristi Noem and some legislators announced proposed legislation to restrict foreign purchases of agricultural land in South Dakota, with Chinese purchases as the main focus.
More States Ban TikTok on Government Devices; Congress May Adopt Federal Ban
Three more U.S. states, as well as the U.S. Senate, have now taken action to ban the use of TikTok by government employees.
Chinese Companies' Delisting Risk Averted for Now, Says PCAOB
Last week, a U.S. regulator announced that it has secured access to the audit records of Chinese firms, averting an imminent delisting crisis for over two hundred Chinese companies.
China's WTO Complaint against U.S. Semiconductor Export Restrictions
Last week, China filed a consultations request at the WTO regarding U.S. export restrictions that were recently imposed on semiconductors and related technology and products. China's legal claims and some practical considerations related to the dispute are summarized below.
CTM Weekly Newsletter
This past week, CTM covered the following issues.
In China:
* Xi Jinping attends two summits with Arab nations
* State Council issues plans for expanding domestic demand
* New regulation on deep fakes
* Authorization of imports of cattle and tobacco leaves from Laos
* China's registration requirement for food exporters leads
BIS Adds YMTC and 35 Chinese Companies to the Entity List
The U.S. government added Yangtze Memory Technologies Co., Ltd. (YMTC) and more than 30 other companies to the Entity List, making it nearly impossible for these companies to have access to U.S. technology and products governed under the export control regime.