China’s New Cybersecurity Law has negative ramifications on international trade and market competition

Although Zhao Zeliang, a director at the Cyberspace Administration of China, confirms that every article in the law complies with the rules of international trade and that, China’s businesses with foreign companies will continue, it is however clear that, China’s New Cybersecurity Law has negative ramifications on international trade and market competition.

In effect, this law has a very negative effect on the ability of foreign companies to successfully compete with Chinese companies both within China and across the globe, compelling them to re-evaluate and adjust their procurement solutions, plans, and strategies. The new cybersecurity law is anticipated to take effect this June, 2017. 

If your organization will be affected by these changes or is facing any type of procurement challenge, contact us (taatjene@gmail.com )to learn about our solutions on how we help clients tackle such business challenges by closely monitoring market conditions for improved supply chain strategies.