US businesses operating in China face new risks under updated PRC law, intelligence officials say

Rep. Mike Waltz, R-Fla., discusses reports of a military base in Belarus, China's new foreign policy law, the affirmative action ruling not applying to the service academies and military enlistment concerns.will face new risks under a revision to a counter-espionage law by the PRC, warns the National Counterintelligence and Security Center.

According to the National Counterintelligence and Security Center, the law, which goes into effect on Saturday, expands "the definition of espionage from covering state secrets and intelligence to any documents, data, materials, or items related to national security interests, without defining terms."FILE - The American and Chinese flags wave at Genting Snow Park ahead of the 2022 Winter Olympics, Feb. 2, 2022, in Zhangjiakou, China.

Intelligence officials are warning that any "documents, data, materials, or items" could now be "considered relevant to PRC national security due to ambiguities in the law." Additionally, the law also has the "Potential to create legal risks or uncertainty for foreign companies, journalists, academics, and researchers."

US President Joe Biden and China's President Xi Jinping meet on the sidelines of the G20 Summit in Nusa Dual.

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