China News: China relaxed rules governing cross-border data flows, addressing a key concern of foreign businesses that had complained previous regulations were di.
Cross-border Data Flows: The relaxation comes as China tries to reverse a decline in foreign investment. The statement was released on the eve of a high-profile business forum in Beijing, where attendance is expected by chief executives from foreign corporations including Apple, Pfizer and FedEx Corp. "This is the govt s response to foreign companies complaints," said Tom Nunlist, an analyst at consultancy Trivium.