Sunday, March 31, 2013

One in four U.S. firms in China report data theft

http://money.cnn.com/2013/03/29/news/china-data-theft/index.html?iid=SF_E_LN

According to a survey conducted by the American Chamber of Commerce in the People's Republic of China, more than one in four U.S. businesses operating in China have experienced the breach or theft of proprietary data or trade secrets. To many American businesses in China, the risk of data breaching is rising. This poses a serious obstacles for foreign businesses in China along with rising labor costs and slow economic growth. Also, it is worth mentioning the tensions between China and the U.S. over the issues of cyber-security and computer hacking after China was accused of being behind a number of cyber-attacks on US firms. I think it will be interesting to see how this is going to affect the economy in China in terms of foreign investment.

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