China Enhances Crackdown on Illegal Data Trade

China has announced a comprehensive crackdown on illegal data handling, targeting black and grey markets involved in unauthorized data sales and distribution. New regulations aim to enhance data circulation security governance, with a focus on preventing systemic risks and safeguarding national security. Authorities will increase monitoring of data security risks in critical industries and penalize companies that misuse data for monopolistic practices. The initiative involves collaboration among various government departments and is part of a broader effort to stabilize the economy and protect sensitive information. A detailed action plan outlines key tasks, including tightening public data security management and clarifying corporate data circulation responsibilities. The Chinese government aims to create a secure governance framework for data circulation by 2027.