China passes tough new online privacy law

China has passed a data protection law which curtails collection of sensitive personal data and prohibits exporting data of its citizens to countries without equally strict regulation. — Bloomberg

China passed a sweeping privacy law aimed at preventing businesses from collecting sensitive personal data Friday, as the country faces an uptick in internet scams, leaks and concerns about tech giants abusing clients' personal information.

Under the new rules passed by China's top legislative body, state-run and private companies handling personal information will be required to reduce data collection and obtain user consent.