As China raids U.S. businesses and arrests workers, operating in the country has become 'very risky,' a lawyer who works in the country tells CBS News.
in recent weeks as Chinese authorities exercise their power under a new security law.
Earlier this spring, U.S. firms Bain & Company and the Mintz Group also had their Chinese offices raided. Five of Mintz's Chinese employees were detained.An image from video aired on China's state-run CCTV network shows authorities carrying out an investigation at the Shanghai office of international consulting firm Capvision Partners, May 9, 2023.
But James Zimmerman, a business lawyer who works in Beijing, told CBS News the raids have spooked foreign businesses."Everything's a threat, you know," Zimmerman said."Unfortunately, in that kind of environment it's very difficult to operate — when everything is viewed as a national security matter and… it looks as if…. anything you do could be considered to be spying."The billionaire boss of Twitter and Tesla, Elon Musk, was lionized when he visited China last week.
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