The dream of American Corporate Empires has long been the golden opening of China’s massive market. Now, the dream looks like a trainwreck as China’s new regulatory moves within its country threaten the ability of US markets to ever gain anything approaching open, level access in that vast market.
China’s crackdown spells trouble for U.S. businesses
From searchcio.techtarget.com
2021-09-10 19:12:25
Excerpt:
As China ramps up regulatory crackdowns and targets major companies, C-suite executives face a tough choice when it comes to doing business in the country: stay and fortify security, or leave.
R “Ray” Wang, founder and principal analyst at Constellation Research, said China is a top concern for the C-suite as strategic planning for 2022 begins. Companies with operations in China will have to decide whether to remain, he said. If companies continue doing business in China, Wang said the focus should be on protecting data and IP, hardening privacy controls, establishing an exit plan for employees working in the country and preparing for risks like more regulatory action.
