China has a new foreign relations law. Here's what it means for business

  • 📰 CNBC
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

For foreign businesses in China, geopolitics hold more sway than new Chinese laws, analysts say.

In strictly legal terms, the legislative changes don't increase the risk for foreign businesses in China, said Jeremy Daum, senior fellow at Yale Law School's Paul Tsai China Center.

BEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts.is a growing priority for the country. Two new laws, one on espionage and the other on foreign relations, took effect July 1. They contain catch-all phrases such as "state secrets" that are open to interpretation by local and central authorities.

High-level dialogue beyond the presidential level has only resumed partially this year with U.S. Secretary of State Antony Blinken's visit to Beijing, among others.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines