China Cybersecurity: Algorithm Regulations

2021-09-07
The Cybersecurity Administration of China has begun soliciting industry feedback on a new set of recommendation algorithm regulations that take significant steps in regulating how the technology can be used. If passed and enforced as intended, the regulations will have a major impact on companies that rely heavily on the technology, such as social media applications, e-commerce platforms, and news sites, requiring them to increase oversight and make significant technical adjustments.

Featured Business News

ASEAN Briefing

Opportunities In Malaysia’s Rubber Glove Industry

09/06/2021

The onset of COVID-19 has increased the demand for personal protective equipment (PPE). This will continue to rise, and the World Health Organization (WHO) estimated that some 89 million medical masks, along with 76 million examination gloves and 1.6 million medical goggles are needed each month to respond to the pandemic. This upsurge in demand for PPE presents many scalable opportunities in Malaysia’s rubber glove industry, especially as the government has introduced new incentives for businesses.

Vietnam Briefing

Da Nang’s Appeal To Foreign Investors In Vietnam

09/07/2021

Da Nang continues to remain high on the list for foreign investors looking to invest in the Central Region and Vietnam. After Hanoi and Ho Chi Minh City, the city has emerged as an attractive investment destination and serves as a gateway to the Central Region, which is rapidly industrializing. We examine Da Nang’s top growth drivers and competitive industries underlining the reasons why it remains an attractive investment destination.

ASEAN Briefing

Tax Incentives For Special Economic Zones In Indonesia

09/02/2021

Indonesia operates 19 Special Economic Zones, which if combined would account for one of the world’s largest exclusive economic zones spread over 6 million km2. The Indonesian government has pledged to make the SEZs a policy priority to attract foreign investment, boost industrial activity, and promote job creation. Available tax incentives include exemptions from income tax, value-added tax (VAT), import duties, sales tax on luxury goods, and excise duties.

China Briefing

Hong Kong Plans To Join RCEP

09/05/2021

Hong Kong plans to participate in regional economic co-operation and expansion into new areas for international co-operation, including new free trade agreements, a role in APEC and other mechanisms, to further enhance its status as an international financial, trade and shipping center.

China Briefing

China’s New Urban Maintenance And Construction Tax: Key Points

09/06/2021

New regulations on China’s urban maintenance and construction tax took effect September 1, 2021, which clarified the calculation and management of the country’s urban construction and maintenance tax. This includes the Urban Maintenance and Construction Tax Law and two supporting regulations.

Silk Road Briefing

The Real (Not Secret) Story Of Hambantota

09/06/2021

Biased Washington media comes up against on the ground facts as Sri Lanka’s Hambantota Port begins to turn a profit. The tales of woe that are typically spread about Sri Lanka’s controversial Hambantota Port gained another member last week with the publication of an article written by Jonathan Hillman, a ‘senior fellow’ with the Washington based US Center For Strategic & International Studies (CSIS). The purpose of the CSIS is to define the future of US national security - but that doesn't necessarily equate to accuracy in their reporting.

The Bigger Picture

China Briefing

Belt & Road Weekly Intelligence #45

09/07/2021

This week’s BRI Investor Intelligence features this year's Far Eastern Economic Forum, which has just concluded in Vladivostok. This annual, yet important event is usually ignored by Western media, yet it outlines the development plans and integration of Russia’s Asian regions into the North-Eastern Asian economies of China, Japan, and South Korea. This is especially pertinent given the upcoming RCEP East Asia free trade agreement.

Russia Briefing

Far Eastern Economic Forum: Putin Speech

09/06/2021

President Putin’s address contained detailed development plans and planned investment into the Russian Far East, encompassing a wide variety of sectors from infrastructure, new technologies, transport corridors and industries to specifics concerning climate change and improving regional human well-being. In what amounted to a policy speech, this brings numerous opportunities for foreign investors across a wide range of disciplines.

China Briefing

Far Eastern Economic Forum: Xi Jinping Speech

09/07/2021

Chinese President Xi Jinping addressed the opening ceremony of the Far Eastern Economic Forum via video link. The forum is an important stage for regional leaders to discuss the development of Russian Asia and its integration into neighboring economies, such as China. The following is the translated text of Xi’s speech, which underlined the continuing and intended cooperation between China, the Belt & Road Initiative, and the Eurasian Economic Union (EAEU).

India Briefing

Far Eastern Economic Forum: Modi Speech

09/07/2021

The forum is an important stage for regional leaders to discuss the development of Russian Asia and its integration into economies such as China, Japan, and India. Modi’s speech underlined the continuing and intended cooperation between India and the Eurasian Economic Union (EAEU). India is currently negotiating a free trade agreement with the EAEU with discussions on tariff reductions are still on-going.

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The G7 Criticize China & Russia While The Real Problem Has Been Poor Planning. What Happens Next?

June 14, 2021
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ASEAN

Stamp Duty in Indonesia: New Law in Effect

09/07/2021

On January 1, 2021, Indonesia’s Law No. 10 of 2020 on Stamp Duty (the “Law”) came into effect, replacing the previous stamp duty law from 1985.

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China

Recommendation Algorithm Regulations – Bolstering China’s Cybersecurity Regime

09/07/2021

China’s internet watchdog has released a new set of draft regulations for recommendation algorithms. What do they say and who could be affected?

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India

Investing in Ahmedabad District, Gujarat: India Regional Spotlight

09/07/2021

We profile the district of Ahmedabad in the western state of Gujarat and explain why it features consistently among India's top investment destinations.

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Vietnam

Why Da Nang Remains Attractive for Foreign Investors

09/07/2021

Vietnam Briefing examines why Da Nang remains an attractive investment hub for foreign investors, the city's top growth drivers, and competitive industries.

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Russia

Russia Briefing

President Putin's Speech At The 2021 Far Eastern Economic Forum

09/06/2021
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Belt and Road Initiative

Silk Road Briefing

The Real (Not Secret) History Of Hambantota

09/06/2021
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Asia Briefing publishes articles, magazines, and guides on doing business in Asia. Dezan Shira & Associates has produced the publication since 1999.

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