When Countering Espionage Becomes Counter-Productive

US-based Kingland Systems, specializing in data management and regulatory compliance for financial services, insurance, and agriculture, has announced the closure of its subsidiary office in China. The decision, which came as a shock to the local workforce, will result in the termination of all 151 employees.

Employees were informed of the closure on Wednesday....

This move comes in the wake of increasingly challenging economic conditions in China, coupled with rising geopolitical tensions. New regulations, such as stricter data-security laws and an anti-espionage law, have made operating in China more difficult for foreign businesses. more