British Chamber China's Cross-Border Data and Innovation Report 2021

Cross-Border Data and Innovation Report 2021

 

Data are as vital as air for businesses, flowing across borders to connect

companies and disseminate new discoveries. British businesses must be

able to send data to their global offices easily in order to compete efficiently

and innovate effectively.

British businesses use cross-border data flows to grant clients access

services and expertise from global offices, streamline company processes,

analyse market trends at a global scale, and monitor and improve product

performance.

BritCham China asked our member companies what concerns they had

around draft legislation governing data outflows from China. Many report

that the lack of detailed implementation guidance around data security

requirements are causing significant compliance concerns. Some are

already cancelling R&D projects, but many more are waiting to see

how the chips will fall.

The British Chamber of Commerce calls for clarity. British companies

have raised uncertainty over data security and compliance since our

inaugural Business Sentiment Survey in 2018. Companies seek

assurance. Requirements for cross-border data transfer must be

practical, transparent and conducive to market-led innovation.

Without this, businesses will face higher costs and struggle to

realise their full potential to innovate and grow in the Chinese

market.

Our key recommendations to promote cross-border data flows

and cross-border innovations are:

Allow as much data to be shared across borders without requiring

external security assessments as possible.

Refrain from including data of critical importance to commercial

activities in important data catalogues.

Confirm key information regarding external cross-border security

assessments.

Remove external security assessments when companies share

data with sister offices, parent companies or subsidiaries.

 

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For more information please contact advocacy@britishchamber.cn

 

 

Cross-Border Data and Innovation Report 2021 - British Chamber of Commerce in China | Beijing

With our grateful thanks to the British Chamber of Commerce in China

for kindly sharing this report.