Thomas Zhang, Husband or wife and Head of IT & IS, lately spoke at Benefit Austria’s once-a-year assembly, AUSTRIA Link CHINA 2022. Held in Beijing, this 3-day hybrid occasion was hosted by the industrial section of the Austrian Embassy with Thomas becoming a member of pretty much from Shenzhen.
In the course of the event, China’s 14th Five-12 months-Approach (14TH FYP) was one particular of the major focuses. Commenting on the 14th FYP, Mr. Andreas Riecken, Austrian Ambassador to China, remarked that China stays by significantly the most important trading spouse for Austria in Asia. In these difficult instances, it is specially vital for Austrian companies to completely have an understanding of what problems exist for them executing business in China.
Thomas gave an opening remark in the 2nd day’s Details Regulation session and joined in on the panel dialogue as well. In his opening remark, Thomas presented an overview of the 14th Five-Yr Approach for National Informatization and China’s targets for informatization and digital economic system progress. When describing info compliance problems overseas organizations deal with in China, Thomas famous that, “Compliance is not only for China, but is also a throughout the world concern. If you are GDPR compliant in the EU previously, you could acquire a similar methodology for compliance in China. On the other hand, we also want to spend notice to the discrepancies among PIPL and GDPR, as these variances will lead to various emphasis and attempts for compliance in China. Meanwhile, we still want to wait around for further thorough clarification on individuals requirements.”
When requested about what quick steps foreign traders really should just take beneath the tightening data regulatory surroundings in China, Thomas suggested, “The most critical detail is for the decisionmakers to change their attitude and really consider data security and compliance in China critically. Then you will have to have inside or external experts to evaluate your compliance circumstance to much better understand how to take the up coming phase.”
Ought to you have any queries about how to be compliant below China’s information security polices, our staff of gurus can help you.
Even further Assets
For more resources on China’s details regulation, you can pay a visit to our web page, China Briefing, exactly where you can locate content articles and webinars these kinds of as: