Posted 1/1/2024, 6:15:29 PM
Foreign Firms in China Face Mounting Risks Amid Slowing Growth and Data Concerns
- Multinational corporations face growing risks and uncertainty doing business in China due to increased government scrutiny.
- China's economic growth is slowing, making the business environment more difficult.
- A new counterespionage law gives China vague powers over corporate data.
- Western companies could become targets for retaliation against their home governments.
- Some major foreign firms like Apple, Vanguard, and Gallup are withdrawing operations from China.