Contrary to Claim, China Isn’t ‘Opening Up’ to Global Investors

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Beijing claims it's 'sticking to an opening-up approach' when it comes to global investors. Multinational corporations, navigating an increasingly tight business environment in China, disagree.

provides what it describes as “expert network” services, putting experts in various industries in contact with firms and investors.

In this image taken from undated video footage run by China's CCTV, Chinese police conduct law enforcement work during a raid at the Capvision office in Shanghai. China's chief foreign intelligence agency has raided the offices of business consulting firm Capvision in Beijing and other Chinese cities as part of an ongoing crackdown on foreign businesses that provide sensitive economic data. , “Beijing wants foreign money and technology, but it won’t accept credible U.S.

The Measures on the Standard Contract for the Cross-Border Transfer of Personal Information requires personal information processors sending data overseas to meet strict conditions. As one example, the rule forbids the cross-border transfer of data by any people or entities who operate “critical infrastructure,” which is defined as "public communication and information services, energy, transport, water, finance, public services, E-government services, national defense," and "any other important network facilities or information systems that may seriously harm national security, the national economy and people’s livelihoods.

 

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