The Wall Street Journal reports draft proposals to China’s existing Cybersecurity Law could have an impact on businesses in the U.S. The proposed new measures include data localization requirements for certain types of data and stricter rules when businesses attempt to acquire equipment from the country. The standards could impact U.S. tech companies, financial service providers and the automotive sector. U.S. businesses and trade groups believe the rules are too vague and offer too much enforcement power to Chinese officials. The Cybersecurity Administration of China and Ministry of Public Security did not comment on the concerns. (Registration may be required to access this story.)
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