European Union: Issued statement following the 24th EU-China Summit including measures related to industrial data flows

On 7 December 2023, the European Union (EU) and China issued a statement following the 24th EU-China Summit, which took place in Beijing. Notably, discussions centred around cross-border industrial data flows. European Union noted concerns regarding China's regulations in this domain, citing a perceived lack of clarity. The EU expressed its appreciation for China's commitment to establishing a mechanism to clarify these rules, deeming it a significant improvement for European companies. The EU noted that it anticipates the implementation of the mechanism designed to facilitate cross-border data transfers.