% export to China
% export to U.S.
Trade has been shifting away from the U.S. and toward China. Amid China’s rise, Asia’s exports to the U.S. have decreased to ~12% in recent years.
ASIAN COUNTRIES RELY MORE ON CHINA FOR EXPORT GROWTH
GDPR is a regulation in EU law that focuses on data privacy. Its primary purpose is to define and unify the rights and freedoms of citizens.
GDPR imposes stiff fines on data controllers and processors for noncompliance.
€20 million (~$25 million)
or 4 percent of annual revenue
Source: CEIC, Continuum Economics