Why China’s New Cybersecurity Law is a Threat to International Businesses and Innovation

George Haour - November 22, 2016 - IoT Business News
URL 3 Min

China has the world’s largest market for digital shopping, mobile payments, and Internet-enabled financial services. Close to 400 million people in China do most of their payments using their smartphones. China’s overall business in information technology is a market of well above USD $300 billion, and it is estimated that more than 700 million Chinese have access to Internet. So any law impacting the online space – cybersecurity included – will make ripples in the way China does business.

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