Morgan Stanley is moving 200 developers out of mainland China in response to new data law

<p>Bloomberg (gated) with the news of Morgan Stanley moving staff out of China:</p><ul><li><a href="https://www.bloomberg.com/news/articles/2023-07-19/morgan-stanley-moves-200-technologists-out-of-china-on-data-law#:~:text=Morgan%20Stanley%20is%20shifting%20more,people%20familiar%20with%20the%20matter." target="_blank" rel="nofollow">Morgan Stanley is moving 200 developers out of mainland China, mostly to Hong Kong and Singapore, in response to a new data law</a></li></ul><p>It was super easy to see this coming. From back in April:</p><ul><li><a href="https://www.forexlive.com/news/chinas-new-espionage-law-likely-to-discourage-foreign-capital-inflow-cut-economic-growth-20230427/" target="_blank" rel="follow">China's new espionage law likely to discourage foreign capital inflow, cut economic growth</a></li></ul><p>And then June:</p><ul><li><a href="https://www.forexlive.com/news/head-of-volkswagen-in-china-asked-premier-li-qiang-for-clarity-on-new-anti-espionage-law-20230628/" target="_blank" rel="follow">Head of Volkswagen in China asked Premier Li Qiang for clarity on new anti-espionage law</a></li></ul><p>Chinese Communist Party officials have been whining non-stop about "Westerners" trying to stifle their economy. They really need to take a long hard look at themselves and their dictatorship. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.