Tag: European Union Chamber of Commerce in China

China Expands Scope of ‘State Secrets’ Law in Security Push

Media Library

China passed revisions to an already stringent state secrets law, broadening the scope of the type of information that would be considered a national security risk in the world’s second-largest economy. The changes elevate the risks for foreign businesses operating in the country. Over the last year, China has targeted consultants and business executives in espionage cases as part of a push to limit the spread of information sought by investors and foreign companies. The amendments to the state secrets law, which were passed by China’s top legislative body on…

Burner Laptops and Smaller Profits: Firms Portray Their China Challenges

Media Library

American companies doing business in China are less optimistic about the future than at any other time in more than two decades. Restrictions on economic data, like the extent of youth unemployment, is making investment decisions harder. Few of the many foreign executives who left China during the pandemic are returning. These are some of the takeaways from reports released Tuesday by organizations representing close to 2,000 European and American firms. The papers by the American Chamber of Commerce in Shanghai and the European Union Chamber of Commerce in China…