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China's Hainan supports global data-center business in free trade port

( December 3, 2024, 01:30 GMT | Official Statement) -- MLex Summary: Domestic and foreign companies can exclusively provide data storage, processing and trading services to foreign clients by utilizing dedicated cross-border data channels in China’s Hainan free trade port, according to regulations introduced by the local government. They are encouraged to develop services such as gaming, film production, cross-border e-commerce, telemedicine and cross-border tourism, and can choose domestic and international cloud service, computing power chips and AI-model service providers. Hainan vows to promote cross-border data flows, establish a negative list system, and conduct international mutual recognition and mutual trust in digital identity and electronic payments.The statement follows:...

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