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Morgan Stanley is moving 200 developers out of mainland China in response to new data law

Bloomberg (gated) with the news of Morgan Stanley moving staff out of China:Morgan Stanley is moving 200 developers out of mainland China, mostly to Hong Kong and Singapore, in response to a new data lawIt was super easy to see this coming. From back in April:China's new espionage law likely to discourage foreign capital inflow, cut economic growthAnd then June:Head of Volkswagen in China asked Premier Li Qiang for clarity on new anti-espionage lawChinese Communist Party officials have been whin... Read More

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Forex

Posted: Jul 19 2023, 00:39

Author Name: forexlive

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