EU industry reps warn against China's cyber protectionism

EU industry reps warn against China’s cyber protectionism

They urge the Commission to take action against Beijing’s new and « worrisome » IT rules

25 mars 2015 à 7h05

Pouvoirs

While the volume of Chinese investment is steadily increasing in Europe, the Asian country is closing its doors to foreign investors, warn representatives of the EU's financial sector. Several organisations, including BusinessEurope, the European Banking Federation and the European Service Forum, have called on the EU to take action against a "worrisome" new ICT regulation adopted by Beijing that could "close the door for many foreign IT companies aiming to access the Chinese banking IT market" as early as in…

China’s requirements

In order to qualify as “secure and controllable,” ICT products and services must – among other requirements – undergo a thorough security testing. they myust use indigenous Chinese intellectual property (eg local encryption algorithms), and comply with country-specific (Chinese) security standards. Foreign technology vendors should also file the source code and other sensitive and proprietary information with the Chinese government.

EU industry reps warn against China’s cyber protectionism

China’s requirements

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