Chinese Companies Urged to Protect Trade Secrets

Chinese companies have been urged by the government to guard their trade secrets, following a newly published policy that defines the paramaters of confidential information, says the Wall Street Journal.

 

Citing the state-owned Assets Supervision and Administration Commission's 34-clause notice, the Journal reveals that the secrets "range from financial information to strategic plans, from technology to mergers, procurement to restructuring—virtually anything that hasn't been publicly disclosed and could hold economic value to the company." The Journal adds that details of negotiations involving government-owned companies are also considered commercial secrets.

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