US corporate executives need to “take off the golden blindfolds and stare with clear eyes at the growing peril of doing business with China,” Rep. Mike Gallagher (R-Wisc) said at a July 13 hearing. Rep. Gallagher chairs the Select Committee on the Chinese Communist Party, which held a hearing on the risks of doing business in China.
“There is no such thing as a private company in China,” he said. “Beijing reserves the right to swipe any data, seize and assets and filch any IP it wants.
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