UPDATE 1-Global business groups urge China to suspend bank IT rules

April 13, 2015 8:59 PM

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WASHINGTON, April 13 (Reuters) - Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have "strong concerns" about bank information technology rules and urged Beijing to formally suspend them.

The joint letter, from 31 trade associations, increases pressure over rules pushing China's state-owned banks to buy technology from domestic vendors, which the U.S. trade office has said could breach China's international trade commitments.

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