Being the largest digital market in the world in terms of digital payments, mobile services with the largest number of internet users, China has been working on reinforcing its cybersecurity. In line with President Xi Jinping’s vision of data-driven governance that recognizes in 2020 the data as the fifth “factor of production” along with labor, technology, land, and capital, the year 2021 introduced a number of new regulations on the management of data storage, data transmission, and privacy of personal data.
