China’s parliament passed a controversial new anti-terrorism law on Sunday that requires technology firms to hand over sensitive information such as encryption keys to the government and allows the military to venture overseas on counter-terror operations.
Speaking after China’s parliament passed the law, Li Shouwei, deputy head of the parliament’s criminal law division under the legislative affairs committee, said China was doing what other Western nations already do in asking technology firms to help fight terror.
This will not affect the normal operation of tech companies and they have nothing to fear in terms of having “back doors” installed or losing intellectual property rights, he added.
Officials in Washington have argued the law, combined with new draft banking and insurance rules and a slew of anti-trust investigations, amounts to unfair regulatory pressure targeting foreign companies. Read More