News Snapshot:
A string of national security raids on consulting firms, which have exposed the dangers of conducting business during the rule of Chinese President Xi Jinping, has left foreign companies in China worried. The American Chamber of Commerce’s president, Eric Zheng, expressed alarm over the claims that due diligence companies had been singled out by officials since their work is “essential to doing business in China.” “Chinese authorities should more clearly delineate the areas in which companies can or cannot conduct such due diligence,” Zheng said in a statement. “This would give foreign companies more confidence and enable them to comply...
