National security has been a focal pillar of the Beijing administration since President Xi Jinping stepped into power.
SHENZHEN, CHINA - MARCH 09: View of high commercial and residential buildings on March 9, 2016 in Shenzhen, China. General economic slowdown continues in China while the property price and stock bubble faces risk. A lead China official called for tighter secrecy in the energy sector to protect national interests against hostile foreign forces, echoing a broader crackdown impacting the country's investment landscape.
"The energy transition has some contradictions and difficulties — these very often are the focus of foreign hostile forces that want to steal and attack.
In turn, global suppliers depend on China's active fossil fuel purchases and were struck — especially in the oil sector — by Beijing's slower-than-anticipated economic revival, following the removal of spartan Covid-19 restrictions since the start of the year. "Beijing views inadequate government control of information within China and its outbound flow as a national security risk," the U.S. National Counterintelligence and Security Center"These laws provide the PRC government with expanded legal grounds for accessing and controlling data held by U.S. firms in China. U.S.