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China's Crackdown on Foreign Consultancy Firms

All Things Policy

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The Impact of the Countess Pernaj Law on Development

I think this is going to have a very wide impact on the kind of business environment especially for foreign entities and therefore three to four broad point that I could think of so going ahead I think foreign and domestic firms will equally be targeted. All those entities that deal in consultancy and do diligence now they will be affected primarily because they deal in data access and transfer. The element trading firms right there is subject to great increase scrutiny with respect to the kind of data that share share with their trading partner. There is no clarity on the type of data that could be regarded as espionage and what the definition of national security that means and what China perceives it.

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