The Chinese Communist Party (CCP) is a partner of every foreign company doing business in China, a congressional committee warned on Thursday, as lawmakers and experts went to great lengths to explain how corporate environments in China are vastly different.
“There is no such thing as a ‘private company’ in China,” Rep. Mike Gallagher (R-Wis.), chairman of the Select Committee on the Chinese Communist Party (CCP), said during his opening statement at a hearing focused on the risks to American companies operating in China.
Mr. Gallagher said that different Chinese laws, including the CCP’s recently updated anti-espionage law and data security law, have “codified” what has always been true, which is that “Beijing reserves the right to swipe any data, seize any assets, and filch any IP it wishes.”…