Companies operating in China need to work together to get better information on the government's intentions.
Chinese Premier Li Qiang delivers a speech during the opening plenary session of the Boao Forum for Asia Annual Conference on March 30, 2023, held in Boao, Hainan. Credit: Kyodo via AP Images
Back on the ground in China after zero-Covid, foreign business leaders face a challenge in their China strategy: Figuring out how much things have really changed — and what China’s leaders really want.
Chinese leaders have been clear in their words. In December Xi Jinping spoke of "the need to make sure that the first-rate foreign investment already in the country stays in the country, as well as to attract more high-quality foreign investment." At Davos in January, Liu He reiterated "for
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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