Cybersecurity
Trade Groups Urge China to Suspend Rules on Foreign Technology
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Trade groups from the U.S., Europe and Japan urged China to suspend guidelines that limit banks from using foreign technology, saying the policies discriminate against outsiders and limit Chinese companies’ security options.
In a letter dated Monday, 31 trade associations asked the ruling Communist Party’s cyberspace leading group to halt the rules from the banking regulator that are aimed at spreading the use of “secure and controllable” or Chinese-developed Internet and technology products.