Dozens of industry organizations, including the U.S. Chamber of Commerce, have sent a letter to the Chinese government over a new cybersecurity law that's due to take effect next month, calling for it to be delayed.
One of the biggest concerns about the new rules is China's plan to conduct security reviews of technology products, which the letter describes as "trade-inhibiting."
It also argues that the requirements on issues ranging from data disclosure to encryption could give Chinese companies an unfair advantage over their rivals from overseas. Foreign businesses operating in China usually need to transfer information outside the country, but the new law states that sensitive data must now be stored domestically, a move critics say will hinder trade and innovation.
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One of the biggest concerns about the new rules is China's plan to conduct security reviews of technology products, which the letter describes as "trade-inhibiting."
It also argues that the requirements on issues ranging from data disclosure to encryption could give Chinese companies an unfair advantage over their rivals from overseas. Foreign businesses operating in China usually need to transfer information outside the country, but the new law states that sensitive data must now be stored domestically, a move critics say will hinder trade and innovation.
Read More
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