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China to delay some bank technology rules

US tech firms worry rules will be used to exclude them from the market

China to delay some bank technology rules

China has agreed to delay implementation of some bank technology rules that have sparked heavy lobbying from the US government and technology companies due to protectionist concerns, a senior US Treasury official said Monday.

While it is a small victory for US tech companies, it is unclear how long China will delay the rules and if it will agree to suspend them as the US is requesting. It is also not clear how many of the rules will be postponed.

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