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

USD -
AED 3.672497
AFN 66.000178
ALL 83.301632
AMD 382.090126
ANG 1.79009
AOA 917.000038
ARS 1408.504788
AUD 1.523926
AWG 1.8025
AZN 1.701647
BAM 1.68937
BBD 2.014244
BDT 122.111228
BGN 1.687895
BHD 0.377039
BIF 2950
BMD 1
BND 1.30343
BOB 6.910223
BRL 5.293013
BSD 1.000082
BTN 88.671219
BWP 14.25758
BYN 3.410338
BYR 19600
BZD 2.011289
CAD 1.400385
CDF 2137.498421
CHF 0.798505
CLF 0.023707
CLP 930.020286
CNY 7.11275
CNH 7.10856
COP 3706.75
CRC 502.36889
CUC 1
CUP 26.5
CVE 95.374985
CZK 20.911798
DJF 177.720262
DKK 6.442445
DOP 64.393572
DZD 130.368338
EGP 47.218042
ERN 15
ETB 153.616746
EUR 0.86271
FJD 2.27485
FKP 0.75922
GBP 0.761755
GEL 2.678687
GGP 0.75922
GHS 10.965008
GIP 0.75922
GMD 73.497564
GNF 8685.000016
GTQ 7.664334
GYD 209.232018
HKD 7.769905
HNL 26.309778
HRK 6.501703
HTG 130.904411
HUF 331.872007
IDR 16727
ILS 3.20022
IMP 0.75922
INR 88.60295
IQD 1310
IRR 42112.502706
ISK 126.819918
JEP 0.75922
JMD 160.817476
JOD 0.708972
JPY 154.654502
KES 129.250306
KGS 87.449519
KHR 4019.999827
KMF 427.501669
KPW 899.988373
KRW 1466.969881
KWD 0.30712
KYD 0.833377
KZT 524.809647
LAK 21695.000308
LBP 89572.717427
LKR 304.582734
LRD 183.250413
LSL 17.244982
LTL 2.95274
LVL 0.60489
LYD 5.46899
MAD 9.272502
MDL 16.941349
MGA 4499.999414
MKD 53.084556
MMK 2099.257186
MNT 3579.013865
MOP 8.005511
MRU 39.849815
MUR 45.869883
MVR 15.404958
MWK 1736.000383
MXN 18.299302
MYR 4.130221
MZN 63.960066
NAD 17.244979
NGN 1440.999746
NIO 36.770281
NOK 10.078775
NPR 141.874295
NZD 1.76719
OMR 0.3845
PAB 1.000073
PEN 3.37875
PGK 4.120431
PHP 59.11052
PKR 280.850005
PLN 3.65245
PYG 7057.035009
QAR 3.640901
RON 4.386099
RSD 101.086041
RUB 81.271535
RWF 1450
SAR 3.750458
SBD 8.237372
SCR 15.081574
SDG 600.497601
SEK 9.44998
SGD 1.301009
SHP 0.750259
SLE 23.207442
SLL 20969.500812
SOS 571.500118
SRD 38.556498
STD 20697.981008
STN 21.38
SVC 8.750858
SYP 11056.952587
SZL 17.244982
THB 32.360332
TJS 9.260569
TMT 3.5
TND 2.950498
TOP 2.40776
TRY 42.251198
TTD 6.781462
TWD 31.089299
TZS 2439.999528
UAH 42.073999
UGX 3625.244555
UYU 39.767991
UZS 12005.000197
VES 233.26555
VND 26330
VUV 122.202554
WST 2.815308
XAF 566.596269
XAG 0.01866
XAU 0.000238
XCD 2.70255
XCG 1.802343
XDR 0.704774
XOF 565.00039
XPF 103.296152
YER 238.502561
ZAR 17.084015
ZMK 9001.18816
ZMW 22.426266
ZWL 321.999592
  • RBGPF

    -0.0500

    78.47

    -0.06%

  • BCC

    0.6500

    70.28

    +0.92%

  • SCS

    0.0000

    15.75

    0%

  • JRI

    0.0500

    13.87

    +0.36%

  • NGG

    0.7200

    78.03

    +0.92%

  • CMSC

    0.1100

    24.08

    +0.46%

  • RELX

    -1.1200

    41.36

    -2.71%

  • GSK

    -0.3400

    48.07

    -0.71%

  • RIO

    0.7900

    71.11

    +1.11%

  • BTI

    0.0600

    55.82

    +0.11%

  • CMSD

    0.2300

    24.55

    +0.94%

  • BCE

    -0.6400

    22.77

    -2.81%

  • RYCEF

    -0.0700

    14.96

    -0.47%

  • AZN

    -1.4100

    87.68

    -1.61%

  • VOD

    -0.3000

    12.37

    -2.43%

  • BP

    -0.4900

    36.86

    -1.33%

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