Unbelievable Example of Self-Sabotage
On January 1, China’s Cryptography Law becomes effective. The legislation follows the December 1 implementation of the Multi-Level Protection Scheme 2.0, issued under the authority of the 2016 Cybersecurity Law.
After all these “cybersecurity” rules are in place, no foreign company may encrypt data so that it cannot be read by the Chinese central government and the Communist Party of China. In other words, businesses will be required to turn over encryption keys.
Chinese officials will be permitted, under Chinese law, to share seized information with state enterprises. This means the enterprises will be able to use that information against their foreign competitors.