Foreign Firms Nervously Exit Chinese Market Amidst Stringent Data Privacy Regulations
Foreign companies operating within China are grappling with mounting concerns as the deadline looms for compliance with the Data Security Law (DSL) and the Personal Information Protection Law (PIPL). Since the enactment of these regulations two years ago, foreign firms have been reevaluating their positions due to the introduction of stricter rules concerning international personal data transfers and increased government access to data stored within the country.