Part 5/11:
Xi's new anti-espionage law illustrates this growing paranoia about foreign influence, raising caution among international businesses. This legislation has led to punitive actions against firms such as the American investment group Mintz, venturing into the domain of business intelligence work. The punitive stance creates an unwelcoming climate, deterring much-needed foreign investment crucial for economic sustenance. Instead of alleviating economic woes, Xi's attempt to achieve control exacerbates the problem.