China’s National Security Review: A Case Study of a Supermarket Chain
China's national security review regime has largely flown under the radar since it was introduced in 2011. But a recent case involving a foreign-invested supermarket chain, the first since a revamp of the regime's regulatory structure elevated the role of China's powerful central planning agency, has put national security in the spotlight once again.
National security is in vogue. As the United States and its allies continue to dominate headlines with their blacklisting of Huawei and increasingly hostile treatment of Chinese investments, China is now pressing on with its own efforts to bolster national security oversight of foreign investment – and its definition of national security goes far beyond defense.
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