CHINA AMENDS ITS CRIMINAL CODE TO COVER TRADE SECRETS THEFT BY FOREIGN COMPANIES

On 13 July, the South China Morning Post reported that China is amending its criminal code to cover trade secrets theft by foreign businesses, a change that could give it a tool to retaliate against the US for alleged economic espionage. The new clause will target any person or company that “steals, spies, buys, or illegally provides trade secrets to foreign institutions, organisations, and personnel”.

https://www.scmp.com/economy/china-economy/article/3092939/china-sharpens-economic-espionage-penalties-tit-tat-provision

 

 

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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