China's failing US lobby playbook puts tech companies in jeopardy

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China's failing US lobby playbook puts tech companies in jeopardy - Business Standard

Quick Summary:

Chinese Foreign Ministry spokeswoman Mao Ning said China “will continue to firmly safeguard the legitimate rights and interests of its own companies.

Krishnamoorthi said companies like China’s BGI Group — one of the targets in the House-passed bill — also use a complicated ownership structure to protect their US operations while maintaining ties to Beijing.“They operate in one company, it gets sanctioned; they set up another company, it gets sanctioned,” Krishnamoorthi said.

US House has also passed numerous other bills aimed at China, including ones targeting Chinese drones.