China issues draft for cyber-security industry development

China’s Ministry of Industry and Information Technology said on Monday it has issued a draft three-year action plan to develop the country’s cyber-security industry, estimating the sector may be worth more than 250 billion yuan (an equivalent of $38.6 billion) by 2023. The draft comes as Chinese authorities step up efforts to draft regulations to… Read More China issues draft for cyber-security industry development

China unveils national security rules on foreign investment

China published rules on Saturday for reviewing foreign investment on national security grounds, potentially broad measures that it insisted did not amount to protectionism. The review system announced by the National Development and Reform Commission (NDRC) covers foreign investments in military sectors and the acquisition of controlling stakes in such sectors as energy, natural resources,… Read More China unveils national security rules on foreign investment