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 business data must be stored in China, technical support must be given to security agencies and security reviews must be passed. Businesses that don't comply can be suspended or shut down. Harley Seyedin, president of AmCham South China, said the confidence of foreign companies was improving but that the new law was causing “uncertainties and it’s resulting in, at the minimum, postponement of some R&D investment”.