New China spying law sparks foreign investor ‘paralysis’

News Snapshot:

It is the latest example of the country’s heightened vigilance of state security under the leadership of Xi Jinping. Over the past few years, China has progressively fortified its national security and data sharing laws, while warning about the risks of spying under the cloak of business. The crackdown has amplified the challenges of investing in China at a time when foreign direct investment in the country has fallen to its lowest levels in three decades, as companies are increasingly unwilling to endure the trade-offs of operating in China for an economy no longer growing by leaps and bounds. Jens...