China data privacy law limits big tech, but has few rights protections

Marietje Schaake, International Policy Director at Stanford's Cyber Policy Center, Eurasia Group senior advisor and former MEP, discusses trends in big tech, privacy protection and cyberspace:

How does China's recently passed privacy law compare to other countries?

While China's new law is said to be similarly comprehensive as the EU's General Data Protection Regulation and would indeed limit the decision-making power of its big tech companies. However, no law exists just on paper. There's always a context. And in the case of China, there are very few rights protections for people. While in the EU, fundamental rights protections were the main aim of the GDPR. For all geopolitical blocs with new data governance laws, China, India or the EU, we see a balancing act between national security arguments, rights protections, and economic development ambitions. But conspicuously absent from the list is the United States, which still does not have a federal data protection law.


With PayPal launching a cryptocurrency service in the UK, are digital currencies going mainstream now?

Whether or not cryptocurrencies go mainstream does not only depend on what you can buy with them today, but also on what regulators will be doing in the future. Only this week, the UK's FCA said it's not capable of supervising Binance. And I suspect that that dynamic, where a supervisory authority cannot perform its core tasks because of cryptocurrencies won't be accepted much longer.

The key for small business growth? More digital support.

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The key for small business growth? More digital support.

The pandemic ushered in a boom in new businesses, with growth driven largely by entrepreneurs and small businesses in online retail, transportation, and personal services. According to our recent survey, small businesses indicated that to continue to thrive, greater digital support is even more important than more loans or grants. Their top priorities? Better internet connections. More cybersecurity capabilities. Greater digital sales support. Increasing digital payments. Read more about how we can work together on this important issue from the experts at the Visa Economic Empowerment Institute.

Iran’s nuclear program runs hotter

Talks between Iran’s government and world powers over the future of Iran’s nuclear program continue. The US and Iran are still not communicating directly; Britain, China, France, Germany, and Russia are shuttling between them.

The good news is that they’re all still talking. The bad news is that, after eight rounds of negotiations, the main players haven’t agreed on anything that would constitute a breakthrough.

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January 6 laid bare "the deep divisions, the partisan infighting, the polarization within our society," says Fiona Hill, the former US senior director of the National Security Council. In a GZERO World interview, she spoke with Ian Bremmer about her concerns about the state of democracy in the United States.

Hill famously testified against her impeached boss, Donald Trump, who stayed in power after being acquitted by the Senate of abuse of power and obstructing Congress. She also notes that divisions actually make America look weaker on the global stage — particularly to someone like Russia’s president Vladimir Putin.

Watch this episode of GZERO World: American strife: Will US democracy survive? Fiona Hill explains post-Jan 6 stakes

Kevin Allison, director of geotech at Eurasia Group, is concerned about the rise of very powerful tech companies disrupting centuries of geopolitics led by the nation-state.

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The problem with China’s Zero COVID strategy: GZERO World with Ian Bremmer - the podcast

Listen: Xi Jinping's zero-COVID approach faces its toughest test to date with omicron. Why? Because China lacks mRNA jabs, and so few Chinese people have gotten COVID that overall protection is very low. A wave of lockdowns could disrupt the world's second-largest economy — just a month out from the Beijing Winter Olympics.

That could spell disaster for Beijing, Yanzhong Huang, senior fellow for global health at the Council on Foreign Relations, tells Ian Bremmer on the GZERO World podcast. If things get really bad, though, Huang believes China will pivot to living with the virus, especially as the cost of keeping zero COVID in the age of omicron becomes too high.

Subscribe to the GZERO World Podcast on Apple Podcasts, Spotify, Stitcher, or your preferred podcast platform to receive new episodes as soon as they're published.

Carl Bildt, former Prime Minister and Foreign Minister of Sweden, shares his perspective from Kiev, Ukraine

First question, how is the crisis in this part of Europe developing?

Not good. There's been a week of intense diplomacy with talks in Geneva, and Brussels, and Vienna that produced virtually nothing. The Russian, sort of key demands are outrageously unrealistic. They know that is the case. The US is trying to engage them on somewhat different issues. We'll see if there's any prospect there, but it doesn't look too good. I think the likelihood is that we gradually will move into the phase of what the Russians call military technical measures, whatever that is.

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For Angela Hofmann, practice head for Industrial & Consumer at Eurasia Group, the world's most visible brands are in for a very rocky year.

Navigating culture wars will be very tricky, as well as fighting with competing demands from consumers, employees, and regulators on issues like China, diversity, and voting rights.

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Political polarization in the US isn’t just a problem within the country, points out former US national security official Fiona Hill. Deep divisions, she says, actually make America look weaker on the global stage — particularly to someone like Russia’s president Vladimir Putin.

“Putin loves our disunity," Russian expert Hill tells Ian Bremmer. "It's incredibly useful as a tool to exploit in that toolkit that he has.”

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An emboldened Putin thrives on American disunity

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