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“The vague national security law causes considerable uncertainty about acceptable behaviour for international companies. The pressure on the courts that has accompanied enforcement has likely reduced confidence in the rule of law, which has historically been the city's distinguishing characteristic to attract international business. International firms also face pressure to support Beijing's policies while at the same time these companies face pressure in democracies where they operate to not support such repressive policies, at the risk of market exclusion.”
30 Jun 2022
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