China has announced that it will loosen its cross-border data rules in order to ease business pressure . The move comes as companies have been facing increasing challenges in transferring data across borders due to strict regulations.
The new rules will allow companies to transfer data more easily, which is expected to benefit businesses in various sectors. This decision is seen as a positive step towards promoting international trade and economic growth.
Source: News Formal (newsformal.com)
China Cross-Border Data Rules Business Pressure International Trade Economic Growth
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