(New York Comprehensive News) The US media reported that Chen Yixin, the Minister of National Security of China, is responsible for cracking down on overseas companies, showing that Chinese leaders attach importance to security than economic growth.
According to the Wall Street Journal, people familiar with the matter revealed the above news.
Beijing's current operations include an assault inspection of the Chinese office of the US due diligence company, and questioning the employees of the consulting company Bain (Bain), which is impacting the global companies.
Before Chen Yixin took over, China's investigation of Western consulting agencies was low -key.Some Western executives said that the relevant survey launched in 2020 is to warn companies such as Bain and other research on social surveys and other research in areas that are considered prohibited from foreign companies in China.However, people familiar with the matter said that the senior management of China eventually believed that the survey was not deep enough.
People familiar with the matter said that in the past few years, the United States has imposed more severe sanctions on Chinese companies in the past few years and tightened the restrictions on the sale of advanced technologies to China.It covers all aspects of Chinese society, including foreign investment.
The news about the survey has surfaced in recent weeks, and what surprised some multinational company executives was that unlike the past, no one in the Chinese leadership tried to appear foreign investors.
Earlier, the role of soothing foreign investors was usually played by technical bureaucrats. For example, Liu He, the former Vice Premier Liu He, who had retired in March, this time, as the crackdown has intensified, Chinese economic officials have remained silent.This means that the priority of the CCP's political agenda has changed, and it is transferring from economic development to focusing on domestic security.
