The recent restrictions imposed by the United States on the export of certain cryptanalytic algorithms have sparked intense debate and speculation about the implications on global cybersecurity. Meanwhile, China has been developing its own cryptographic standard, known as the 'National Cryptography Standard', which has raised questions about whether it will indeed provide greater security for Chinese citizens. In this article, we will explore the significance of US restrictions on encrypted algorithm exports, as well as the motivations and potential benefits of China's implementation of its own cryptographic standard.