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As tensions grow, so do China-related compliance risks

Joe Mont | December 17, 2018

There is a business school cliché that envisions future captains of industry clutching copies of the infamous Chinese military tactician Sun Tzu’s famous guide to strategy.

In the current world of business relationships between the United States and China, The Art of War may well indeed be a prescient guide. U.S. companies that conduct business in any way, shape, or form with the PRC are finding themselves facing fire on an increasingly risk-laden political and economic battlefield.

Cross-border deal making, although actively courted by both nations, demands rigorous risk mitigation and heightened compliance oversight, neither of which can assuredly yield predictable results in the current climate.

The Huawei way?

Recently, a new wrinkle in an ongoing trade war has emerged: detaining company executives. On Dec. 1, Huawei Technologies chief financial officer Sabrina Meng Wanzhou was arrested by Canadian officials. She faces...

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