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

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China has a new foreign relations law. Here's what it means for business
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For foreign businesses in China, geopolitics hold more sway than new Chinese laws, analysts say.

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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.

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