Shanghai approves data transfers overseas for Lingang free-trade zone companies, including Tesla's Gigafactory, in a one-year pilot project.

Shanghai has approved data transfers overseas for companies registered in its Lingang free-trade zone, including Tesla's Shanghai Gigafactory. The city has compiled a list of data that can be transferred overseas without requiring further security assessments, as part of a one-year pilot project. This list includes data related to intelligent and connected vehicles, mutual funds, and biomedicine, and aims to attract foreign investment and boost China's sluggish economy.