China has expanded its state secrets law to encompass a broader category of “work secrets,” a development that could have far-reaching implications for businesses operating in the country. What Happened: On Tuesday, Chinese President Xi Jinping signed off on the revisions to the “Guarding State Secrets” law, as reported by CNBC. The updated law, which was approved by legislators on the same day, will come into effect on May 1. Under the new rules, the protection of state secrets will also extend to unclassified information termed as work secrets. This category includes information that could h…