From: Financial Times
Businesses warn rules will increase costs and leave them more vulnerable to spying
by: Yuan Yang in Beijing
China’s first cyber security law will increase costs for multinationals, leave them vulnerable to industrial espionage and give Chinese companies an unfair advantage, business representatives and analysts have warned.
Aspects of the measure, which comes into force on Thursday, have been widely welcomed as a milestone in introducing much needed data privacy. But analysts have expressed fears it could help Beijing steal trade secrets or intellectual property from foreign companies.