U.S. business group urges China to loosen data-storage policies

Chinese security policies are threatening to push foreign businesses out of the country’s IT sector by restricting the way data is stored, according to a U.S. lobbying group.

On Tuesday, the American Chamber of Commerce in China issued a report urging the country to change the policies. Increasingly, the Chinese government is enacting regulations to address national security concerns at the cost of hampering its own economy, the lobbying group warned.

China has been recently reviewing an antiterror law that could require tech companies to give up encryption keys to the authorities.

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Story added 14. April 2015, content source with full text you can find at link above.