
Recent incidents highlight escalating tensions and scrutiny involving Chinese nationals and businesses in both the U.S. and China. In the U.S., six Chinese students and two visiting scholars report being questioned about connections to China's Communist Party upon landing, with some having their visas canceled and being immediately repatriated. Similarly, U.S. business executives in China, specifically in mid-2023, have faced unsettling visits from nine police officers, demanding to examine passports and employment details without explanation. In China, authorities have taken criminal coercive measures against executives of Zhongzhi Enterprise Group, a key player in the $3 trillion shadow banking sector, as part of a crackdown on risky financial practices that began nearly eight years ago following the downfall of conglomerates like Anbang. This includes efforts to recover stolen goods and control major suspects to recoup billions of yuan in investor losses. These developments occur amid broader regulatory actions, such as China setting higher standards for consumer finance companies and ongoing crackdowns on private insurers and risky financial practices.
How Beijing has changed for American businesses, in one anecdote: "One U.S. business executive said he was unsettled in mid-2023 when a group of nine police officers showed up at his door in Beijing one evening, demanding to examine his passport and confirm his employer, as one…
Chinese students and academics are still routinely getting rejected at US airports when re-entering, visas cancelled, deported--sometimes midway through their degree, seriously upending their lives--often with questionable explanation or no explanation. https://t.co/D0QEXpaX8d
China sets higher bar for consumer finance companies https://t.co/VWyZdQVeyu https://t.co/rO1Rbs7n7W






