As the research director of an activist investor, Anne Stevenson-Yang made business trips to China from the US almost monthly before the coronavirus hit. But the J Capital Research co-founder has strong reservations about going back, even after the pandemic subsides.Some who do business with China are increasingly worried about the risk of being swept up by security agents and becoming casualties of geopolitical tensions between Beijing and the West.Stevenson-Yang’s concerns, which previously focused on run-ins with local officials, grew after the detention of two Canadians in late 2018. An Australian citizen, Cheng Lei, has been held since August on national security concerns.“You may have a very small chance of being the one they decide to detain, but it’s years of your life,” said Stevenson-Yang, who moved to the northeast US with her Chinese spouse and children around six years ago, after a quarter of a century in China. “I have lots and lots of friends and relatives in China, as well as a business. But I feel like it’s just not worth the risk.”Interviews with a dozen executives, diplomats, consultants and academics show many of them believe there is an increased risk in traveling to… Read full this story
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