COLD WAR II: As China raids U.S. businesses and arrests workers, the corporate landscape is getting ‘very risky.’

via CBSNEWS:

“The risks of doing business in China are increasing for foreign companies. The offices of Capvision, a consulting firm with offices in New York and Shanghai, and two American firms have been raided in recent weeks as Chinese authorities exercise their power under a new security law.”

Beijing won’t crack down hard enough to drive out anyone important, just hard enough to make western businesses behave like good Communists.

h/t Stephen Green