AstraZeneca confirmed this month that Chinese investigators had detained Leon Wang, president of the company’s China business.
[I]t is highly unlikely that AstraZeneca is the only pharmaceutical company guilty of shenanigans. Selective prosecution of foreigners is a Communist Party specialty.
Xi Jinping… hits foreign companies whenever he can. He took down the U.S.-based Mintz Group in March of last year and has not let up since.
[F]oreign pharmaceutical businesses are at special risk because they occupy a sector that Xi Jinping is determined to control. He is, infamously, the driving force behind Made in China 2025, the predatory ten-year plan to achieve dominance in ten key technology areas. One of those ten sectors is medicine and medical devices.
He [Xi Jinping] does not really believe in free trade, however: He really wants China to have unfettered access to other markets while denying others access to China’s. […]
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