Blog: German companies worried about Chinese privacy regulation -Siemens Energy – Financial Post

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German companies worried about Chinese privacy regulation -Siemens Energy

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Reuters

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BERLIN — German companies are worried about requirements for local data storage in China and restrictions on cross-border data transfer, the chairman of Siemens Energy’s supervisory board said on Wednesday according to a speech text.

Chinese state-owned companies’ procurement hinders transparency and openness, Joe Kaeser said during virtual talks between China and Germany, according to the text. (Reporting by Kirsti Knolle Editing by Madeline Chambers)

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