China’s Revised Anti-Spy Law ‘Frightening Prospect’ for Foreign Firms There: Expert

BEIJING, CHINA - MARCH 25: (L-R) Yu Bin, Vice President Development Research Center of the State Council, Han Wenxiu, Executive Deputy Director of the General Office of the Central Financial, Ray Dalio, founder of Bridgewater Associates LP, looks on during China Development Forum (CDF) 2023 at Diaoyutai State Guesthouse on March 25, 2023 in Beijing, China. CDF 2023 will focus on topics such as the global industrial chain and supply chain, the strategy of expanding domestic demand, reform of the fiscal and taxation system, high-level opening-up, green transformation and forestalling and defusing financial risks.  Photo by Lintao Zhang/Getty Images

China’s newly revised anti-espionage law will have a scary impact on foreign firms doing business there, according to former chief convergence officer for British Telecom and author Jon Pelson.

On April 26, the Chinese communist regime passed the new version of its anti-espionage law, which will take effect on July 1.