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U.S. Business Group Seeks China Clarity On Rules, Warns On New Investment After Reported Raids

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'Without proper due diligence, foreign companies will be unable to invest in new projects in China,' American Chamber of Commerce In Shanghai President Eric Zheng said in an emailed statement.

New York-based Mintz Group told CNN at the time it hadn’t received any official legal notice regarding a case against the company and had requested that authorities release its employees. Beijing in April announced a cybersecurity review of U.S. chipmaker Micron that it said was aimed at protecting the country’s information infrastructure and national security. An executive from Japan’s Astellas Pharma is currently being held on espionage charges, reports have said.

In what was seen as an effort to lower tensions, China Foreign Minister Qin Gang and U.S. Ambassador to China Nicholas Burns met in Beijing this week."The top priority is to stabilize China-U.S. relations, avoid a downward spiral and prevent accidents from occurring between China and the United States,” Qin said, according to a report by the Xinhua News Agency.

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