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.

Comments (3)
No. 1-3
Latkes
Latkes

Not sure if this is an act of self-sabotage or if they are simply trying to get rid of western businesses now that they don't need them anymore.

thimk
thimk

last ditch IP grab. Who in china will want to innovate ? The CCP is consolidating power. Signals the end to globalism.

William Janes
William Janes

There is no Chinese Government: there is only the CCPS (Chinese Communist Party State). There are no laws, only administrative regulations issued by the Standing Committee of the Politburo which can be changed at any time. There are no Courts, only Administrators of Regulations subject to any orders from the CCP. There are no changes in policies, the policy of theft and extreme favoritism toward SEO (State Owned Enterprises) and SDC (State Directed Corporations) has always been the policy. This has been the reality since 1978 when Deng Xiaoping came to the US and put on a cowboy hat, and fooled Carter, Reagan, Clinton, Bush, and Obama. The business and foreign policy elite apparently were either duped or were too greedy to care ( example: Henry Kissinger). Trade agreement are useless. China was and is an adversary. Prepare for a generation of bare knuckled competition and low level conflict.