Monday, October 9, 2023

China Is Becoming a No-Go Zone for Executives

Foreign executives are scared to go to China. 
Their main concern: They might not be allowed to leave. 



Beijing’s tough treatment of foreign companies this year, and its use of exit bans targeting bankers and executives, has intensified concerns about business travel to mainland China. Some companies are canceling or postponing trips. Others are maintaining travel plans but adding new safeguards, including telling staff they can enter the country in groups but not alone.

“There is a very significant cautionary attitude toward travel to China,” said Tammy Krings, chief executive of ATG Travel Worldwide, which works with large employers around the world. “I would advise mission-critical travel only.” Krings said she has seen a roughly 25% increase in cancellations or delays of business trips to China by U.S. companies in recent weeks. more