Published On: Tue, Jul 20th, 2021
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Analysis: Beyond Security Crackdown, Beijing Charts State-Controlled Data Marketon July 20, 2021 at 3:58 pm Save 10% on Citrus trees with code CITRUS
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BEIJING—China’s sweeping regulatory action against internet giants such as ride-hailing firm Didi Global Inc, which has sent chills through the industry, is part of a broader national project to create a domestic marketplace for the country’s vast troves of big data. The plan, fermenting for years but rapidly gaining momentum, is designed to help support China’s economy in the coming decades and includes pilot projects for state-supervised data trading markets, policy documents show. It also threatens to further isolate China’s internet industry globally, and ratchet up tensions with Washington. Data is becoming a critical battleground between China and the United States, compelled by fears on both sides that unchecked collection by private firms could allow state actors to weaponize information on infrastructure and other national interests. This September China is set to implement its Data Security Law, which requires companies that process “critical data” to conduct risk assessments and submit …

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