The "Moderation of illegal and undesirable content" clearly shows that very little about these algorithm laws much protects privacy in any meaningful way. It's a case of double benefit for the Chinese government: on the one hand establishing further controls over tech giants (control that the government can later use in any way it sees fit) and on the other hand in looking like its doing a good thing in PR terms. The bottom line however is that the government remains pervasively intrusive in the lives of its subjects and is not at all likely to stop spying on them directly or through these very same corporate third parties that this law claims to "rein in".
This is fantastic - this is something other countries can use to work on to create similar regulations with democratic values. It's really interesting to see how China is fighting the western BigTech with such regulations to preserve its cultural and political autonomy. India on the other hand doesn't understand the dangers and wants to not only spy on its citizens (like China) and is considering allowing the government to collect, collate and <i>monetize</i> the personal data of its citizen (like the USA) by selling it to corporates! ( <a href="https://old.reddit.com/r/india/comments/t76mp4/the_government_wants_to_sell_your_data/" rel="nofollow">https://old.reddit.com/r/india/comments/t76mp4/the_governmen...</a> ).