Business tough in China as national security trumps all

In late March, authorities hosted global executives in Beijing, telling them they were 'not foreign visitors, but a family' and pledging to slash red tape. But since pandemic restrictions were lifted in recent months, China has restricted overseas access to data and publicized raids on consulting firms.Amendments to anti-espionage laws effective from July 1 will broaden the definition of spying and ban transferring information that relates to national security.

''I think certain firms... have always engaged in research activities that push the boundaries –- and that, as has always been true for decades now, some of them will get caught,' said Bob Guterma, a former Capvision chief compliance officer who now runs news and business intelligence site The China Project.'People are waking up — or it's more like the newest round of awakening to the dangers of doing business in China that have always existed.

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