Saturday, July 1, 2023

US Spies Issue Warnings Over Risks of Doing Business in China

US intelligence officials renewed warnings for American companies doing business in China, citing an update to a counterespionage law that’s due to take effect (today, July 1, 2023).


A bulletin issued by the National Counterintelligence and Security Center on Friday warns executives that an update to China’s counterespionage law, which comes into effect on July 1, has the “potential to create legal risks or uncertainty” for companies doing business in China.

It adds that the law broadens the scope of China’s espionage law and expands Beijing’s official definition of espionage. “Any documents, data, materials, or items” could be considered relevant to the law due to its “ambiguities,” the bulletin says. more