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RE: LeoThread 2024-09-09 11:48

in LeoFinance5 months ago

A new version of Beijing’s “company law” that took effect July 1 — a clampdown that has seen scant coverage in the Western press, according to experts — requires multinational firms with more than 300 workers in the country to appoint an “employee representative” to their China affiliate’s board of directors.

Sources tell The Post that the “representatives” are almost certain to be in regular contact with Chinese authorities — if not outright members of the Chinese Communist Party. That, in turn, would give Beijing a direct line into the sensitive internal workings of American firms.