3 October 2019

 

Predictions

  • Beijing’s increasing regulation and surveillance of foreign firms will raise business risks amid parallel efforts to attract investment
  • Firms with digital infrastructure in China will find it increasingly…
  • Approval of PayPal entrance into Chinese market demonstrates…

 

Analysis

The Ministry of Public Security (MPS), the main policing and law enforcement agency, confirmed on 22 September that Wang Yingwei would be promoted to lead its cybersecurity department. He will be responsible for the protection and surveillance of all information and communication technologies, including those of foreign firms operating in China. Meanwhile, the Hangzhou Municipal Government said on 23 September that it will assign 100 officials to 100 private Chinese firms in the city, including tech giant Alibaba and automotive firm Geely, which owns Swedish car company Volvo. A state-run newspaper said this will increase the firms’ access to…

 

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