U.S. businesses urge China to postpone new cybersecurity policies

U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret source code and adopt Chinese encryption algorithms. In a letter to China's top cybersecurity policy group dated Jan. 28, the American Chamber of Commerce in China and 17 other U.S. business lobbies urged Beijing to postpone the implementation of the new policies. U.S. tech vendors such as Cisco and Microsoft Corp are facing increased pressure from Chinese authorities to accept rigorous security checks before their products may be purchased by China's sprawling, state-run financial institutions.



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