Canada must face the facts: China is now closed for business
To mute domestic disgruntlement over the economy, Mr. Xi might play the nationalism card through military engagement in the South China Sea and Taiwan as soon as 2027. As well, the regime has been reaffirming its Leninist core through renewed predominance of state-controlled enterprise over successful capitalists, to the extent that large Chinese companies have developed PR plans to respond to sudden “disappearances” of their chief executives.
Foreign businesspeople embroiled in arbitrary commercial disputes are increasingly denied exit from China until they comply with demands from Chinese state counterparts. And there are ever more controls and restrictions on security of business data, including bans on foreign businesses in China sending information to servers outside the country.
Then there are growing concerns about China’s political stability, as evidenced by the purge in 2023 of the Foreign Minister, the Minister of Defence and a range of senior military figures. This can’t be good.
Foreign businesspeople embroiled in arbitrary commercial disputes are increasingly denied exit from China until they comply with demands from Chinese state counterparts. And there are ever more controls and restrictions on security of business data, including bans on foreign businesses in China sending information to servers outside the country.
Then there are growing concerns about China’s political stability, as evidenced by the purge in 2023 of the Foreign Minister, the Minister of Defence and a range of senior military figures. This can’t be good.
No comments:
Post a Comment