The Presidential Daily Brief

intriguing

  1. How China Gets Foreign Firms to Toe the Line

    The Chinese market looms large for Western companies, so it helps to join a Communist Party business committee. Officially they're meant to help foreigners navigate the country's bureaucracy, but OZY reports they've become a vital mechanism for the party to exert influence — and help foreign firms keep Chinese regulators at bay. That way, companies can avoid having to make public apologies for actions that offend Beijing, like failing to include Hong Kong or Taiwan in maps of China.

    Will companies resist? Not if they want to cash in on China's enormous market, meaning the "voluntary" committees will become even more indispensable.

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