CHINA-US: AMERICAN IT COMPANIES IN CHINA
While Cyberhacking and Cyber theft were major items high on the US agenda for discussion with the visiting Chinese President in late September 2015, the American IT giant International Business Machines Corp. (IBM) has become the first major U.S. tech company to comply with Beijing’s demands for reviewing source codes of products. IBM has begun allowing officials from China’s Ministry of Industry and Information Technology to examine proprietary source code, reportedly in a controlled space without the ability to remove it from the room. Chinese media reported that IBM Senior Vice President Steve Mills disclosed the source-code sharing in a speech in Beijing on October 15, 2015.
(Comment: Many U.S. companies are tempted by China's massive information-technology market estimated as worth $136 billion this year.)
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