Chinese authorities are unhappy with recently passed US laws on ‘cyber espionage’ which have resulted in the restriction of imports (into the US) of Chinese IT products. In a recent state media broadcast Chinese officials have stated their ‘resolute opposition’ to the new changes. These comments are the latest in a series of events that have led to an ever-increasing friction between the two nations, following accusations by the US that China was supporting a number of hackings on US companies.
China’s IT exports to the US are worth almost $130 billion (as of May 2012) and with these new cyber laws limiting these exports, it’s easy to see why China are less than happy with the situation. The main issue is that Chinese authorities feel they are being unfairly punished and that the hacking claims are simply a case of false accusations. A member of the ministry of commerce highlighted the significance of the new laws by arguing that they will have a large detrimental impact on trade between the two nations, well as damaging their trust. Chinese officials have since urged the US to reconsider the restrictions. One thing is certain, if these laws are to be implemented, it will not be without consequences.