KEY POINTS
  • In a proposed draft, the Cyberspace Administration of China has said no government oversight is needed for data exports if regulators haven't stipulated that it qualifies as "important."
  • New "draft regulation relieves companies of some of the difficulties with cross-border data transfer and personal information protection," the European Union Chamber of Commerce in China said in a statement to CNBC.
  • The U.S.-China Business Council's latest annual survey found the second-biggest challenge for members this year was around data, personal information and cybersecurity rules.
Pictured here is an exhibition on big data for transportation in Chongqing on Oct. 21, 2020.

BEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones.

Over the last few years, China has tightened control of data collection and export with new laws. But foreign businesses have found it difficult to comply — if not operate — due to vague wording on terms such as "important data."