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Former Director of representative office in Brussel with expertise in corporate strategy and lobbying

🌐 **Launch of the Cross-Border Data Flow Communication Mechanism between China and the EU** 🔄💻 On **August 27, 2024**, a new chapter in Sino-European relations opened with the **official launch of the cross-border data transfer communication mechanism** 📊. This tool allows the transfer of **non-personal data** between the EU and China, fulfilling the political agreement of 2023. 🤝 **Context of the Agreement**: During the last EU-China summit, **Ursula von der Leyen** and **Charles Michel** expressed **concerns** about the **restrictions imposed** on European companies regarding data export from China. The 2022 Chinese law, which strictly regulates data deemed "important," had created **numerous obstacles** for European companies in the region. 📈 **Objectives of the Mechanism**: - **Facilitate the exchange of non-personal data** between the two economies. - Promote **increased industrial development** and attract more **European investments** in China. - Support **research and development (R&D) activities** by facilitating data access for companies and researchers on both sides. 🔬 This agreement is seen as a strategic advancement for economic and technological relations between the EU and China, allowing European companies to operate more smoothly in a key market while respecting **data security regulations**. 🔗 This mechanism marks an important step towards **strengthened cooperation** in the technological and industrial sectors. 🌍💼 #DataTransfer #ChinaEU #Blockchain #Cooperation #Investments #Innovation #Industry

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