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            july 20, 2019

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Beijing delays regulation to curb cross-border data transfer


China has delayed the release of measures restricting foreign companies from taking certain data out of the country, reports London's Financial Times.
Beijing had planned to announce regulations restricting cross-border data transfers by the end of last year, but regulators have dragged their feet to avoid sparking another confrontation with US companies, as US-China trade talks have now reached a critical stage, said the FT.
The regulation's requirement to keep "important data" within China could force multinational companies to restructure the way they store data in clouds.
"Some multinationals are onshoring their data already, while some are waiting and seeing," said Carly Ramsey, associate director of Control Risks, a consultancy in Shanghai. "It's an internal organisation issue, which is costly."

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