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Despite Foreign Opposition China Implements New Cybersecurity Law
📅 - The controversial Cyber Security Law was passed in Beijing by the Standing Committee of the National People's Congress, government officials announced Monday. The new law grants Beijing government officials almost total access to foreign companies through mandatory testing and certification of computer equipment and technologies.
The new law takes effect in June, and many companies are worried about how they can continue to operate in China, the world's second largest economy.
James Zimmerman, the chairman of the American Chamber of Commerce in China, said in an e-mail, “This is a step backwards for innovation in China that won't do much to improve security. The Chinese government is right in wanting to ensure the security of digital systems and information here, but this law doesn't achieve that. What it does do is create barriers to trade and innovation.”
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