China’s proposed cybersecurity laws have sparked concerns among international businesses, prompting a scoalition of 46 business groups from the US, Europe and Asia to caution that the new rules, if implemented, may negatively impact international trade relations.
The group sent a letter to China’s top economic official Premier Li Keqiang, warning that the proposed laws, imposing limitations on information security, may make it easier for hackers to steal data and may also be in violation of WTO (World Trade Organisation) rules. “The current drafts, if implemented, would weaken security and separate China from the global digital economy,” the letter said. It was signed by the US Chamber of Commerce, Washington DC-headquartered Business Software Alliance, as well as organisations for insurers and manufacturers from the UK, Japan, Mexico and Australia, ZDnet reported. For the full article click here
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