China's top legislative body passed a broad national security law on Wednesday that tightens the government's already strong grip on sensitive areas such as cyber security, finance and the economy.

The new law, which experts say would bother foreign governments and businesses because of its vague nature, was passed by the standing committee of the National People's Congress (NPC). 

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China's parliament passed the bill by an uncontested vote of 154 to zero. One member was reportedly absent.

President Xi Jinping has focused on strengthening China's security and ridding the country of corruption since his ascension to the helm of government in 2012.

President Xi, who is also head of the newly formed National Security Commission, has said in the past that the security of China does not only depend on politics and the military, but also areas such as the economy, culture, technology and the environment.

The new legislation empowers the government to employ "all necessary steps to protect China's sovereignty."

According to Reuters, a crucial part of the newly passed law stresses on making all major network infrastructure and information systems "secure and controllable".

BBC reported that several foreign diplomats and businesses are worried that the law could demand technology companies making products in China to reveal their intellectual property.

However, Zheng Shuna, vice chairwoman of the Legislative Affairs Commission of the NPC's standing committee, has reassured foreign businesses and governments that China is open to "all countries, businesses to operate in China and provide legitimate services according to law."

She added that the current situation surrounding China's national security has "become increasingly severe." However, the country is prepared to defend it sovereignty and interests while ensuring political and social stability reigns.

"We will continue to follow the path of peaceful development but we absolutely will not give up our legitimate rights and absolutely will not sacrifice the country's core interests," Zheng said at a press conference in Beijing.

"Any government will stand firm and not leave any room for disputes, compromises and interferences when it comes to protecting its core interests".

The new legislation comes as China faces disputes with neighboring countries over its territorial claims in the South China and East China Seas. The country also faces growing unrest in the Xinjiang region and a series of cyber attacks.

The passage of the law, which states that Hong Kong and Maccau must "fulfil responsibilities to safeguard national security," coincides with the 18th anniversary of Hong Kong's return to China. Last year the government said "foreign forces" were behind the pro-democracy protests in Hong Kong.

Wednesday marks the 18^th anniversary of Britain's handover of Hong Kong back to China's control under a "one country, two systems" arrangement. VOA reports that thousands are expected to gather and rally for free elections. Two weeks ago violent protests erupted in Hong Kong after the city's law makers vetoed a Beijing backed electoral reform proposal.

TagsChina National Security Law, National People's Congress (NPC), China Cybersecurity, China National Security Commission