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China News Service | China News Service | Getty ImagesBEIJING — Chinese authorities are signaling a softer stance on once-stringent data rules, among recent moves to ease regulation for business, especially foreign ones. But foreign businesses have found it difficult to comply — if not operate — due to vague wording on terms such as "important data." The country's top executive body, the State Council, in August revealed a 24-point plan for supporting foreign business operations in the country. The text included a call to reduce the frequency of random inspections for companies with low credit risk, and promoting data flows with "green channels" for certain foreign businesses. When U.S. Commerce Secretary Gina Raimondo visited China in August, she called for more action to improve predictability for U.S. businesses in China.
Persons: Reva Goujon, Goujon, Gabriel Wildau, Gina Raimondo, Martin Chorzempa, Samm Sacks, Yale Law School Paul, Chorzempa, Sacks, Beijing's Organizations: China News Service, Getty, Cyberspace Administration of China, Government, European Union Chamber of Commerce, CNBC, EU, State, China Corporate, CAC, State Council, Commerce, Peterson Institute for International Economics, Yale Law School, Yale Law School Paul Tsai China Center and New, Baidu Locations: Chongqing, BEIJING, China, Beijing, Covid, U.S, Yale Law School Paul Tsai China Center and New America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe U.S. and China are still largely talking past each other, analyst saysReva Goujon, director of Rhodium Group, discusses what might be on the agenda ahead of U.S. Secretary of State Antony Blinken's visit to Beijing and says "expectations are low."
Persons: Reva Goujon, Antony Blinken's Locations: China, Beijing
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTaiwan tensions: It's very likely that Beijing goes beyond rhetoric, research firm saysReva Goujon of Rhodium Group says the "military coercion risk is exactly why the Pentagon and Taiwan were very concerned about House Speaker [Kevin] McCarthy actually going to Taiwan for his visit in this geopolitical climate."
Baker Greggs sees more growth as Britons 'seek value'
  + stars: | 2023-03-07 | by ( Sarah Young | ) www.reuters.com   time to read: +2 min
"Customers are seeking out value and therefore they're coming to Greggs," Currie, who has been chief executive since last May, said in an interview on Tuesday. For 2022, Greggs posted pretax profit of 148.3 million pounds ($178.6 million), in line with analysts' forecasts, on total sales which came in 23% higher. Greggs is comfortable with a consensus forecast for 2023 profit of 161 million pounds. "Greggs has demonstrated impressive resilience in 2022 with continued strong like-for-like sales growth throughout the year," Goodbody analysts said. ($1 = 0.8306 pounds)Reporting by Sarah Young, Editing by Paul Sandle and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.
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