REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Nov 15 (Reuters) - European firms "urgently" need China to give clearer definitions of key terms in its cross-border data transfer rules, a European business lobby group said on Wednesday, warning that firms also stood to waste millions of euros storing non-sensitive data in China.
The world's second-largest economy has in recent years tightened its data laws amid President Xi Jinping's increased focus on national security, and foreign firms fear their lack of clarity could trip them up.
The chamber's report echoes recent comments from a European Commission official, who said in September that European businesses were especially concerned about a lack of clarity in China's data laws.
The most common type of data European firms transfer abroad is employee's personal information followed by suppliers' and customers' personal information, the survey showed, 96% of which is sent to companies' headquarters and other regional offices.
A third of companies indicated it would cost them "several million euros" to store their data in China if they failed the cross-border transfer security assessment now required by CAC.
Persons:
Jason Lee, Xi Jinping's, Brenda Goh, Kim Coghill
Organizations:
REUTERS, Rights, Chamber of Commerce, European Commission, Government, CAC, Thomson
Locations:
China, EU, Beijing, Rights BEIJING