The PIPL represents a significant change in the way that businesses operate in China, and it is likely to have a major impact on the way that companies do business both inside and outside of China. For businesses that collect personal data from Chinese citizens, the PIPL presents both risks and opportunities. On one hand, the law could lead to increased compliance costs and a decrease in the ability to collect and use data for marketing purposes. On the other hand, the PIPL could also create new business opportunities for companies that are able to develop innovative approaches to data collection and management. The full extent of the impact of the PIPL on businesses will not be known for some time, but it is clear that the law will have a profound effect on the way that companies operate in China.
Listen to the full episode where we take a deeper look at the PIPL and how this may impact business.
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