Treasury Secretary Janet Yellen said she hopes China won’t mount major retaliation against any steps Washington takes to safeguard investments in critical new industries, while emphasizing the US cannot allow these emerging sectors to be “wiped out” by Chinese competition.
  • Teekeeus [comrade/them]@hexbear.netEnglish
    29·
    4 months ago

    China Anti-Espionage Laws Threaten Pharma Supply Chains and Multinational Manufacture in China

    Western pharmaceutical groups are warning of worsening disruption to supply chains because of problems certifying manufacturing sites in China, with some factory inspectors refusing to visit the country over fears of arrest for spying and others denied entry to facilities.

    Many people that we spoke to, both former government officials and some in industry said that if China shut the door on exports, within months, pharmacy shelves in the United States to be empty, and hospitals would cease to function.

    • GlueBear [they/them, comrade/them]@hexbear.netEnglish
      15·
      4 months ago

      with some factory inspectors refusing to visit the country over fears of arrest for spying and others denied entry to facilities

      What on earth could factory inspectors be spying for? Like I don’t put it past them, but at this point I’d like to know.

      • D61 [any]@hexbear.netEnglish
        15·
        4 months ago

        Probably more of a fear of the claim that they were spying… though how much of this fear is actual and how much of this is fabricated by the USA companies is not investigated in the text that I skimmed.