Ron Burgundy Posted March 30, 2015 Share Posted March 30, 2015 Treasury Secretary Jack Lew said on Monday he would discuss with the Chinese government recent technology policy moves that Washington has complained constitute unfair regulatory pressure on foreign firms. China said earlier this month work was ongoing on a draft anti-terrorism law that would require foreign companies to hand over encryption keys and otherwise facilitate Beijing's ability to bypass security measures, despite U.S. protests. "We have already made clear our concerns regarding forced technology transfer and other attempts to bar technological competition, most recently in the banking sector, and I look forward to further discussion today," Lew said, in remarks made during a meeting with Vice Premier Wang Yang in Beijing. President Barack Obama said he had raised the issue directly with China's President Xi Jinping, but Beijing denied U.S. statements that the law had then been put on hold. View the full article Quote Link to comment Share on other sites More sharing options...
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