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Global business groups urge China to suspend bank IT rules

By on April 13, 2015

WASHINGTON (Reuters) – Industry associations from the united states, Japan and Europe wrote to Chinese officers on Monday announcing they nonetheless have “strong considerations” about bank information Expertise rules and urging Beijing to formally droop them.

“Even Though security is stated as one explanation for drafting these insurance policies, specific provisions inside the pointers – and language calling for building of strategic emerging industries – mean that these insurance policies would in practice likely

restrict the ability of Chinese companies to make a choice Technology options that perfect meet their safety desires,” said the letter, signed by means of 31 groups together with the U.S. Chamber of Commerce, the ecu Services And Products Discussion Board and the Japan Chamber of Commerce and Business.

(Reporting by using Krista Hughes; Editing by using Eric Walsh)

REUTERS/Wolfgang Rattay

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