The more foreign companies prize China's market, the more they have to fear
war chips away at its allure, China wants to retain the affection of foreign businesses. It has promised to level the playing field between them and their domestic rivals. This pledge is meant as reassurance that Chinese firms will receive no special favours. But it has taken on a different light over the past week, in the wake of China’s assault on Cathay Pacific, Hong Kong’s flagship airline.
Cathay is far from alone. It joins a list of foreign firms that have wound up on the wrong side of politics in Beijing. Often the remedies are relatively simple, if nauseating. A series of luxury brands—Versace, Coach and Givenchy—have recently offered profuse apologies for sellingAs a general rule, the more foreign companies prize China’s market, the more they have to fear .
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