US intelligence issued a bulletin warning US companies of the risk of doing business in China due to changes in local counterintelligence law, the new law took effect on July 1. Agency reports Bloomberg.
US intelligence said the law update “could potentially create legal risk or uncertainty” for organizations doing business in the People’s Republic of China.
In the document, it is stated that due to the widening of the definition of espionage in the law, all kinds of documents, materials, objects and data can be associated with the law due to their “ambiguity”. It was noted that in connection with changes in Chinese law, republican authorities have greater access and control over company data.
On June 19, Greg Hayes, president of the American military-industrial company Raytheon, stated that neither the company nor the business of the United States as a whole will be successful. to break economic relations with China.
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