China's National People's Congress Standing Committee, the top Chinese legislative body, adopted a new Counter-Terrorism Law that creates significant new counterterrorism powers for the government and imposes substantial new obligations on telecommunications and Internet companies.  In particular, it requires telecommunications companies and Internet service providers to assist the government with decryption and to remove terrorist and extremist content from the Internet.  But the new law omits obligations to store data locally in China and provide encryption code for review, which had prompted industry concern when the law was first proposed earlier this year.