In the news: Foreign tech companies in data dilemma, CCTV targets foreign carmakers, P&G gets handed record fine

March 17, 2015 | BY

clpstaff &clp articles

This week China's bank security rules worried foreign tech companies, CCTV reprimanded foreign automakers on Consumer Protection Day, Procter & Gamble's Crest was fined Rmb6 million for false advertising and an environment tax plan was set in motion

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Foreign tech companies asked to hand over software source codes

New bank security rules in China require foreign tech companies to turn over proprietary software source codes and encryption keys that protect sensitive data, use Chinese encryption keys and submit