China has a new foreign relations law. Here’s what it means for business
2023-07-11 09:11:59 source：CNBC
July 10, 2023
BEIJING — For foreign businesses in China, geopolitics hold more sway than new Chinese laws, according to analysts.
National security 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.
Adding to the worries of those considering doing business in China is news earlier this year of three raids on international consulting firms with little public explanation.
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