Published: 10:45pm, 1 Mar, 2018 Updated: 6:29am, 2 Mar, 2018
Foreign firms are increasingly concerned about Chinese cybersecurity laws , which have pushed up operating costs and affected how business is conducted in the country . The law demands that personal information and important financial data must be stored in China , technical support must be given to security agencies and compliance measures must be passed . Businesses that do n't comply can be suspended or shut down . Harley banks , president of AmCham South bank , said the confidence of foreign companies was improving but that the new law was causing “ uncertainties and it ’s bringing in , at the minimum , postponement of some R&D investment ” .