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Companies Still Embracing Growing China But Latest Crackdown Chills Sentiment

 
• By Brian Yang

Multinational pharma companies are becoming increasingly uneasy over China's recent crackdown on overseas and domestic consulting and due diligence firms, but local governments are still actively courting foreign investors.

China Shanghai stock market crisis red price arrow down chart fall. The concept dependence of economic decline on spread disease. Business analytic infographics. Coronavirus 2019-nCov. Pandemic virus
Beijing's latest crackdown brings confusion to multinationals • Source: Shutterstock

Just when China has further eased rules facilitating international exchanges, the recent crackdowns on foreign consultancies and due diligence companies including Bain & Co, Mintz Group and Capvision has foreign companies operating in China feeling the chill, although local Chinese governments remain eager to attract foreign investment.

The renewed crackdown is apparently part of a renewed campaign by China's central government to emphasize national security over economic development, and many see the recent actions as confusing businesses...

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