#DataSecurity / China To Roll Out Global Data Security Standards

The new idea runs contrary to the U.S.’s efforts to get similarly-minded companies to wall-off their data from China-backed ventures.

The plan is called the “Global Initiative on Data Security” and would entail all countries to use a “comprehensive, objective and evidence-based manner” to handle data security, working with secure, open supply channels to communicate with each other, documents made available to WSJ say.

Meanwhile, Chinese officials say the U.S. is putting a double standard into play which would disadvantage Chinese firms’ expansion… China, which has seen an uptick in rules for banking and cybersecurity, is looking to boost protections against fraud in general in its economy.