China's internet regulatory authority is engaging with foreign companies, including Walmart and PayPal, to discuss strategies for navigating the new data-security regulations imposed by Beijing, according to an August 17 report by Bloomberg.

This effort aims to reassure multinational corporations that have concerns about their operations within the country under the latest regulatory framework. Officials from the Cyberspace Administration of China had held meetings with executives from numerous international companies to address concerns related to the upcoming implementation of the new data regulations by the November deadline, sources familiar with the matter told Bloomberg.

The regulators fielded queries, provided guidance on how to adhere to the regulations, and acknowledged the complexities associated with obtaining approvals for cross-border transfers of sensitive data. One of the sources mentioned that discussions included the possibility of establishing an expedited approval process for routine data transfers and the potential creation of a curated "white-list" that categorizes data types or specific companies.