The Chinese communist regime has reportedly launched new rules requesting foreign technology companies that sell computer equipment to Chinese banks to provide their source code, receive invasive audits, and build backdoors in their hardware and software.
New York Times quoted from a copy of the rule document received by foreign technology companies that do a large amount of business with China, saying that 75 percent of technology products used by Chinese institutions must be classified as “secure and controllable” by 2019.
In response, 18 U.S. business groups including the U.S. Chamber of Commerce and AmCham China, wrote a joint letter to the Chinese cybersecurity office, appealing for a postponement of the implementation of the new rules, which would harm cybersecurity and the global market.
“An overly broad, opaque, discriminatory approach to cybersecurity policy that restricts global internet and ICT products and services would ultimately isolate Chinese ICT firms from the global marketplace and weaken cybersecurity, thereby harming China’s economic growth and development and restricting customer choice,” the letter read, according to the BBC.
