How Multinationals Can Navigate U.S.-China Tensions
Amid escalating tensions between the U.S. and China, multinational companies (MNCs) face a complex and ever-changing regulatory and enforcement landscape in both countries. FeiFei Ren offered insights into the growing challenges faced by MNCs operating in both the U.S. and China and recommended specific steps for MNCs to navigate the unpredictable environment. The article outlines the need for MNCs to be prepared by conducting risk assessments that take into account national security risks, periodically reviewing compliance policies and procedures, closely monitoring regulatory and enforcement developments, proactively engaging with regulators and internal stakeholders, and benchmarking with the industry. As Ren advises, "In navigating this challenging terrain, preparation and proactive measures are key to maintaining effective and compliant business operations."