New rules adopted by the Chinese government will require companies selling computer equipment to the country’s banks to turn over secret source code, build backdoors into their products and submit to invasive audits, The New York Times reported, citing copies of the rules now circulating among foreign tech firms. Foreign business groups sent a letter Wednesday to a top level Communist Party committee on cybersecurity, led by Xi Jinping, objecting to the new policies and complaining about what they called a “growing trend” toward policies requiring companies to use only technology products and services developed and controlled by domestic firms.
China Economic Review