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In the News: State Secrets Law Amendments; Sequoia U.S. Probe; and Land Price Cap Scrapped
October 25, 2023 | BY
Clarence LeeChina's proposed amendment of its state secrets law has alarmed foreign businesses; a U.S. Congressional committee will probe Sequoia over its China tech investments; and China will scrap its price cap on land sales to revive its property market
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China Plans to Tighten State Secrets Law
The Chinese government has submitted a revision of its PRC Law on Safeguarding State Secrets (中华人民共和国保守国家秘密法) to the legislature for deliberation, according to the South China Morning Post (SCMP).
This is the first proposed revision of the law since 2010. The revision, according to SCMP, is expected to be extensive amidst an escalation of the intelligence war between China and the West. Key amendments are likely to include new clauses that "affirm the ruling Communist Party's authority in all matters related to information security" and "stipulate the government's support for the research and application of key technologies in the field of information security."