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.

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.

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.

A Chinese company's plan to build a corn-milling plant in North Dakota was reviewed by the Committee on Foreign Investment in the United States (CFIUS) due to national security concerns. CFIUS determined earlier this week that the transaction was not covered by the terms of the statute,

The Biden administration plans to add more Chinese companies, including a major chip maker, to its trade blacklist. In response, a Chinese official called the U.S. moves "blatant economic coercion and bullying."

The push by U.S. state governments to ban or restrict TikTok use by government employees continues, with Utah, Alabama, and New York now moving forward with efforts in this area.

Three members of Congress introduced bipartisan legislation yesterday to ban TikTok from operating in the United States.