Cybersecurity

U.K. Businesses in China Seek More Clarity on Cybersecurity Laws

WATCH: St John Moore, chairman of the British Chamber of Commerce in China, discusses the challenges U.K. businesses face in the world's second-largest economy.(Source: Bloomberg)
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The British Chamber of Commerce in China called on Beijing to provide more clarity on draft regulations on cybersecurity, saying the lack of information is holding back business operations.

“Fundamentally, the legislation remains vague,” St John Moore, chairman of the chamber, said in an interview on Bloomberg TV Wednesday. Specifically, a lack of detail on requirements on cross-border data transfers has made businesses err on the side of caution and limited their ability to build global research and development operations, he said.