Playing Hardball on Trade

Bloomberg: China’s Cybersecurity Rules for Insurance Draw Foreign Protest

Business groups from the U.S. and around the world protested planned cybersecurity rules for the insurance industry in China in a letter to the head of the nation’s insurance regulator.

The draft regulations may create obstacles to international trade, according to the June 1 letter to Xiang Junbo, chairman of the China Insurance Regulatory Commission, which was seen by Bloomberg News.

The current age of globalization is coming to an end, and this is how it will die, with an accumulation of policies designed to subvert the spirit of the WTO.