The British government launched a website today warning digital and technology companies of the ethical, legal and commercial risks of expanding into China and accepting Chinese investment. Recently Britain published a bill giving ministers far-reaching power to intervene in corporate deals that could threaten national security, the culmination of years of growing concern about Chinese and other foreign investment in key industries.
It has Launched the slogan - "China. See the Potential. Know the Challenge" the government website is designed as a guide for digital and tech firms, encouraging good practice and raising awareness of potential issues.
Digital and culture minister Caroline Dinenage said in a statement said - The UK is decided to support our businesses to engage with China in a way that reflects the UK's values and takes account of national security concerns." A section on ethical risks highlighting concerns about facial recognition software censorship, and mass surveillance among other concerns quoted “There is a risk that your company's technology could be used to violate human rights," while another section warns: "Taking legal steps to protect your IP (Intellectual Property) in China is important, but you should also consider your cybersecurity."
Under a new law put forward on Tuesday, telecoms companies could be fined up to 10% of turnover or 100,000 pounds a day if they contravene a ban on using equipment made by Huawei.
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