The China Mail - Top EU official says 'unpredictability' of Chinese law worries foreign firms

USD -
AED 3.672499
AFN 67.847175
ALL 82.960417
AMD 378.68912
ANG 1.789783
AOA 916.999821
ARS 1319.531203
AUD 1.541307
AWG 1.80125
AZN 1.700178
BAM 1.671874
BBD 1.996435
BDT 120.539397
BGN 1.668141
BHD 0.373728
BIF 2956.741763
BMD 1
BND 1.277958
BOB 6.849742
BRL 5.424601
BSD 0.991251
BTN 86.68818
BWP 13.32923
BYN 3.33859
BYR 19600
BZD 1.988657
CAD 1.38351
CDF 2866.000034
CHF 0.803051
CLF 0.024472
CLP 960.020496
CNY 7.167749
CNH 7.163215
COP 3986.61
CRC 499.985041
CUC 1
CUP 26.5
CVE 94.257688
CZK 20.975969
DJF 176.512072
DKK 6.37771
DOP 61.837781
DZD 129.42338
EGP 48.021804
ERN 15
ETB 140.583929
EUR 0.854395
FJD 2.261505
FKP 0.739948
GBP 0.74045
GEL 2.69497
GGP 0.739948
GHS 10.92813
GIP 0.739948
GMD 72.499323
GNF 8593.519599
GTQ 7.601137
GYD 207.295963
HKD 7.804815
HNL 25.931007
HRK 6.440596
HTG 129.702052
HUF 338.15801
IDR 16250.8
ILS 3.368598
IMP 0.739948
INR 87.384198
IQD 1298.308301
IRR 42049.999826
ISK 122.520165
JEP 0.739948
JMD 158.902751
JOD 0.708981
JPY 147.340497
KES 128.01999
KGS 87.427402
KHR 3974.91954
KMF 422.496346
KPW 899.919971
KRW 1387.089893
KWD 0.30539
KYD 0.826017
KZT 532.829556
LAK 21480.807122
LBP 89197.707369
LKR 299.150742
LRD 198.747676
LSL 17.488535
LTL 2.95274
LVL 0.60489
LYD 5.378536
MAD 8.971171
MDL 16.697227
MGA 4389.507922
MKD 52.606159
MMK 2099.225378
MNT 3595.593607
MOP 7.983724
MRU 39.530361
MUR 46.109936
MVR 15.409748
MWK 1718.789402
MXN 18.60777
MYR 4.20297
MZN 63.899281
NAD 17.488609
NGN 1522.430301
NIO 36.475229
NOK 10.07378
NPR 138.699902
NZD 1.705305
OMR 0.384259
PAB 0.991259
PEN 3.480435
PGK 4.18948
PHP 56.619495
PKR 281.214872
PLN 3.643098
PYG 7183.9191
QAR 3.613105
RON 4.3189
RSD 100.167972
RUB 79.976417
RWF 1434.817731
SAR 3.7523
SBD 8.217016
SCR 15.087598
SDG 600.498393
SEK 9.51296
SGD 1.282855
SHP 0.785843
SLE 23.297232
SLL 20969.49797
SOS 566.490146
SRD 38.108502
STD 20697.981008
STN 20.943124
SVC 8.673055
SYP 13002.217038
SZL 17.481098
THB 32.457983
TJS 9.466459
TMT 3.5
TND 2.910521
TOP 2.342102
TRY 40.970501
TTD 6.730893
TWD 30.449498
TZS 2467.653024
UAH 40.968684
UGX 3532.152245
UYU 39.67277
UZS 12305.154146
VES 137.9569
VND 26297.5
VUV 120.474631
WST 2.711602
XAF 560.726085
XAG 0.025767
XAU 0.000297
XCD 2.70255
XCG 1.786499
XDR 0.697363
XOF 560.726085
XPF 101.946872
YER 240.206879
ZAR 17.45105
ZMK 9001.196617
ZMW 22.922036
ZWL 321.999592
  • RBGPF

    1.6300

    75.55

    +2.16%

  • SCS

    0.4000

    16.5

    +2.42%

  • NGG

    -0.0200

    71.41

    -0.03%

  • GSK

    0.1100

    40.19

    +0.27%

  • AZN

    0.5100

    80.97

    +0.63%

  • RYCEF

    0.1300

    14.29

    +0.91%

  • RIO

    1.3900

    62.69

    +2.22%

  • BTI

    -0.7600

    58.51

    -1.3%

  • RELX

    0.2500

    48.44

    +0.52%

  • CMSC

    0.3000

    23.75

    +1.26%

  • BP

    0.6900

    34.74

    +1.99%

  • CMSD

    0.2400

    23.95

    +1%

  • JRI

    0.1200

    13.45

    +0.89%

  • BCE

    -0.2300

    25.49

    -0.9%

  • VOD

    0.0600

    11.92

    +0.5%

  • BCC

    6.5500

    91.22

    +7.18%

Top EU official says 'unpredictability' of Chinese law worries foreign firms
Top EU official says 'unpredictability' of Chinese law worries foreign firms / Photo: © AFP

Top EU official says 'unpredictability' of Chinese law worries foreign firms

The European Commission's digital chief said Tuesday that murky Chinese laws were fuelling concerns among foreign firms in the country, following discussions with Beijing officials about critical areas such as AI and data governance.

Text size:

Vera Jourova, who is also the commission's vice president, made the comments after talks on Monday with Chinese counterparts including Vice Premier Zhang Guoqing in the second "High-level Digital Dialogue" between the two sides.

Among the concerns Jourova said she had heard about from European businesses in China was the "unpredictability of the decisions and interpretation of the laws by the regulators".

Beijing has recently implemented expansive new regulations covering cybersecurity, counterespionage and data management, citing the need to shore up national security measures.

But the new regulations have worried some foreign firms, unsure of how their enforcement will affect their business operations in the world's second-largest economy.

"First thing is the not very clear wording of the laws, especially missing definitions of, for instance, what is 'important data', and what... the companies could be confronted with when transferring the data outside," Jourova told reporters.

Jourova also criticised the "lengthy procedures" foreign firms must undergo to conduct business in the country.

"I think it's 45 days for one process -- it lasts very often a much longer time," she said.

"Nobody is criticising the Chinese laws, we just want them to be clear and relatively easy to comply with."

The EU official and Czech politician's visit to Beijing comes just days after Brussels announced a probe into Chinese subsidies for electric vehicles, which it said had resulted in unfair competition.

China warned that the investigation would have a negative impact on its trade relations with the bloc, accusing it of "naked protectionism".

Jourova said she emphasised during her meetings with Chinese officials the concerns of European firms over increasingly difficult business conditions in the country, as well as the implications of AI on human rights in the country's northwestern Xinjiang region.

China is accused of incarcerating more than a million Uyghurs and other Muslim minorities in a network of detention facilities across Xinjiang, although Beijing insists its actions have helped to combat extremism and enhance development.

Deteriorating ties between China and the West in recent years have given rise to concerns in Brussels over the potential vulnerabilities posed by AI, misinformation, and data security.

European Commission President Ursula von der Leyen has called on the EU to define its own approach to Beijing, although some of Europe's larger powers want to be cautious to avoid severing business ties.

"The EU does not seek to de-couple from China," Jourova said.

"But we need to improve our resilience and competitiveness by de-risking our economic interdependencies and advancing our technology security agenda in order to remain competitive and protect our essential European interests."

China has pushed back on the "de-risking" strategy espoused by Washington and its European allies.

A foreign ministry spokesperson said in June that "anyone seeking to 'de-risk' against China is getting their target wrong and will only create real risks".

I.Ko--ThChM