Foreign firms wary of growing role of party in their operations
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
FOREIGN companies in China have welcomed the ruling Communist Party's move to set up cells in their firms, a senior official said on Thursday, although some executives have expressed concern about the party's growing role in their operations.
The presence of party units has long been a fact of doing business in China, where the law requires companies, including foreign firms, to set up a party organisation.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant