The moves against consultancies and due diligence firms will make it harder for multinationals to operate in China, even as local governments are desperate to entice them in.
Beijing’s sudden crackdown on consultancies and due diligence firms has not only sent a chill through those firms’ offices: It’s added to the confusion for multinational companies about their future in China.
The Chinese government effectively made its campaign against the alleged sharing of sensitive information official this week, when state broadcaster CCTV aired a prime time segment showing police raiding the offices of Capvision, a consultancy headquartered in New York and Shanghai
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In 2021, after four decades of exponential growth in China’s economy, Xi Jinping revived the party slogan “common prosperity” in order to address the country’s glaring inequality. The policy priority was suddenly everywhere: in speeches, in newspapers and in schools. But now, three years later, it has all but disappeared from public discourse even as the country’s economic inequality festers. What happened?
The researcher and former OpenAI board member discusses who holds the advantage in artificial intelligence and the chances of the U.S. and China working together to regulate the technology.
On-Demand Webinar: Strategies for Identifying Military End Users
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