China's new tech rules play to local firms' strengths

By Gerry Shih, Michael Martina and Joseph Menn BEIJING/SAN FRANCISCO (Reuters) - Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. Western companies say the rules have not yet been formally adopted, and some said they believed Beijing would retreat on some of the most onerous ideas, including demanding that firms' proprietary source code be reviewable. On Wednesday, 18 American business groups urged Beijing to postpone rolling out the regulation, which they argued were motivated by protectionism as well as security concerns that intensified in the wake of disclosures of U.S. spying techniques by former National Security Agency contractor Edward Snowden.



via Tech News Headlines - Yahoo News http://ift.tt/1tC44Zb