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China's New Tech Rules Play to Local Firms' Strengths

Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. But a translation of the proposed rules viewed by Reuters shows its immediate impact on foreign firms may not be as tough as feared. The draft shows the regulation would initially focus on types of...

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