Countries without proper cyber regulations should be wary about engaging with China as the country positions itself as an online superpower, a new report has warned. China is attempting to strengthen co-operation with other governments and companies to work on online regulation and set the rules, norms and values of the internet. But the Australian Strategic Policy Institute says countries without tough policies in place need to ‘err on the side of caution’ when engaging with the communist regime as it tries to commandeer cyberspace at home and abroad. Chinese soldiers carry the flags of the country’s Communist Party during…