INTENSE LOBBYING: Washington is also pressing for China to pause the implementation of a draft counterterrorism law which could hit IT companies as well.
WASHINGTON: The United States has joined forces with Japan and the European Union to pressure China on new bank cybersecurity rules that have upset foreign companies, a senior US official said on Wednesday.
Deputy Trade Representative Robert Holleyman said the United States would keep lobbying China to put a hold on the rules, which would force technology vendors to Chinese banks to hand over secret source code and adopt Chinese encryption algorithms, until there was a "satisfactory resolution."
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