Report: Security Clampdown Could Preclude International Firms From Competing In China
WASHINGTON, November 10, 2010 – Foreign companies could lose the opportunity to bid for government contracts in China due to new Chinese homeland security rules, according to a report in the Financial Times.
WASHINGTON, November 10, 2010 – Foreign companies could lose the opportunity to bid for government contracts in China due to new Chinese homeland security rules, according to a report in the Financial Times.
The Chinese government wants all suppliers to its critical infrastructure to provide it with “confidential product information,” according to the FT.
The U.S. Information Technology Industry Council tipped the FT off to the new development.
The trade association’s staff “are in China to continue the foreign business community’s lobbying against Beijing’s policy of indigenous innovation — a program to promote the development of homegrown brands and intellectual property,” according to the FT.
A report from the U.S. International Trade Commission commissioned by Congress on the subject of China’s indigenous innovation policies is due to be published this week.
