Understanding ChinaNews & analysis

China Puts Spymaster in Charge of U.S. Corporate Crackdown

Investigations into due-diligence firms show how state-security clique is gaining more control over economic policy

An image of Chinese President Xi Jinping was featured in an exhibition at the Military Museum of the Chinese People’s Revolution in Beijing last year. FLORENCE LO/REUTERS

China’s crackdown on overseas firms has made clear that leader Xi Jinping values security over economic growth. To eradicate any doubt, according to people familiar with the matter, he has put state-security czar Chen Yixin in charge.

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