(Reuters) - U.S. technology companies in China are forming alliances with domestic firms, hoping that having a local partner will make it easier to operate in the increasingly tough environment for foreign businesses in the world's second-biggesteconomy.
China's government has been openly pushing for the use of more Chinese and less foreign-made technology, both to grow its own tech sector and as a response to former U.S. National Security Agency contractor Edward Snowden's leaks about widespread U.S. cyber surveillance.
Simmering tensions over the issue spilled into public view on Wednesday, when U.S. business lobbies urged Beijing to postpone implementing new policies to make China's finance sector more dependent on domestic technology.
In a letter to China's Central Leading Group for Cyberspace Affairs, chaired by President Xi Jinping, a group of U.S. business associations called for "urgent discussions" with China on worries that new government proposals are "discriminatory", require disclosure of sensitive information, and could isolate China's tech sector.
Source:
http://www.reuters.com/article/2015/01/29/us-china-tech-usa-idUSKBN0L21XF20150129
