The United States Chamber of Commerce has sounded the alarm about a dramatic increase in the hazards and uncertainties associated with conducting business in China due to the regime’s “increased official scrutiny” of U.S. corporations there.
The influential business group said that it was “closely monitoring” the situation and noted that industries subject to “heightened official scrutiny” include professional services and due diligence firms.
The organization further stressed in an April 28 statement that the services these firms provide are fundamental to establishing investor confidence in any market, including China.
The warning came just a few days after the communist regime passed its newly revised anti-espionage law, which will take effect on July 1….