China has approved a new controversial cybersecurity law, and it is making foreign companies extremely nervous.
The country’s top legislative body, the Standing Committee of the National People’s Congress, passed a new law Monday to “monitor, defend and handle cybersecurity risks and threats originating from within the country or overseas sources, protecting key information infrastructure from attack, intrusion, disturbance and damage.”
A number of aspects of the new law, which is broad, unclear, and gives the Chinese government greater control over domestic cyberspace, has foreign businesses worried. The new legislation is “vague, ambiguous, and subject to broad interpretation by regulatory authorities,” James Zimmerman, chairman of the American Chamber of Commerce in China, told Reuters...
Read more at:
http://dailycaller.com/2016/11/07/foreign-firms-panic-as-china-tightens-grip-on-cyberspace/
