US would be crazy to ignore growing hazards of doing business in China
Fox News
Any American citizen or company operating in China could face investigation, prosecution or even imprisonment for regular business activities, such as market research.
Republican Mike Gallagher represents Wisconsin’s Eighth Congressional District in the U.S. House of Representatives where he serves as chairman of the House Select Committee on Strategic Competition between the U.S. and the Chinese Communist Party.
Agents from the Ministry of State Security (MSS), one of China’s rough equivalents to the Soviet-era KGB, are "constantly in touch with the [due diligence] industry." "We call them the men in black," said one executive at a due diligence firm, speaking anonymously to the FT.
These raids weren’t a coincidence – they were part of a continued power grab for control over all business in China. At a recent meeting of the National People’s Congress, the Chinese Communist Party (CCP) updated their Counter-Espionage Law. The CCP now reserves the right, at its sole discretion, to arbitrarily seize any documents, data or property it deems relevant to national security.