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In May, a coalition of business lobby groups representing European, American

2017-06-01 2 Dailymotion

In May, a coalition of business lobby groups representing European, American<br />and Asian companies called on China to delay implementing the law, while the European Union Chamber of Commerce in China asked for additional time to allow companies to adhere because of the “substantial compliance obligations.”<br />The Cyberspace Administration of China, the country’s internet regulator, has so far decided to delay implementation only of the regulations governing<br />cross-border data flow, which will now take effect at the end of 2018, according to a revised draft of the rules that was seen by .<br />China’s New Cybersecurity Law Leaves Foreign Firms Guessing -<br />By SUI-LEE WEEMAY 31, 2017<br />BEIJING — As China moves to start enforcing a new cybersecurity law, foreign companies face a major problem: They know very little about it.<br />The law will have a big impact on how business is done in China, said Michael Chang, an executive with the Finnish technology company Nokia<br />and the vice president of the European Union Chamber of Commerce in China.<br />But, he said, “There’s unfortunately a lot of confusion.”<br />“Industry is not ready because the implementation rules are not clear,” Mr. Chang said, speaking at an event<br />organized by the lobbying group to announce the results of its annual business confidence survey.<br />“We still have a lot of unclarified territory that needs to be addressed as soon as possible.”<br />The law would require that companies store their data within China,<br />and would impose security checks on companies in sectors like finance and communications.

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