China briefs trade partners on new anti-espionage law
CHINA’S commerce ministry on Friday (Jul 21) briefed representatives of major trade partners on the country’s new anti-espionage law, it said in a statement.
The law, which took effect this month, bans the transfer of any information related to national security and interests, without defining those terms, while broadening the definition of spying to include cyberattacks against state organs or critical infrastructure.
Ministry officials headed by assistant commerce minister Chen Chunjiang met with the US, European, Japanese and South Korean chambers of commerce, as well as 30 foreign firms, it said.
Chen said China is committed to creating a fair, transparent and predictable business environment.
President Xi Jinping’s increasing focus on national security – in particular a recent crackdown on consultancies and due diligence firms – has left many foreign companies uncertain where they might step over the line of the law, foreign chambers of commerce have said.
The new legislation grants authorities carrying out anti-espionage investigations access to data, electronic equipment, information on personal property, and grants them the authority to apply exit bans. REUTERS
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers
Economic leaders of South Korea, Japan, China say FX volatility is a risk
US automakers win extension on use of Chinese graphite in EV tax credits
US service sector contracts in April; price pressures up