The crackdown on foreign firms will deter global business—and undermine China’s own interests
Bosses are scrambling to ensure that they do not fall foul of data-security laws
Bosses of multinationals may have breathed a sigh of relief after the leaders of the g7 group of rich countries met in Japan last month. The talk was not of decoupling their economies from China, but of “de-risking” commercial ties with it. Yet any respite will have been momentary. The reality of operating in China is becoming increasingly bleak. As China takes a harsher approach to data privacy and counter-espionage, lawyers and executives say that the mood is tenser than ever.
This article appeared in the Leaders section of the print edition under the headline “Undoing business in China ”
Leaders June 17th 2023
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- Joe Biden and Narendra Modi are drawing their countries closer
- The real injustice would have been not to indict Donald Trump
- The crackdown on foreign firms will deter global business—and undermine China’s own interests
- Fiscal policy in the rich world is mind-bogglingly reckless
From the June 17th 2023 edition
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