China is working on a plan to boost its cybersecurity industry as the country grows more concerned about the safety of its data in response to increasing global tension and rising calls for better individual protections.
The country’s Ministry of Industry and Information Technology (MIIT) released the draft of its most detailed strategy yet for the development of China’s cybersecurity industry on Monday for public comment, mandating that key industries such as telecommunications devote 10% of their IT upgrade budget to cybersecurity by 2023.