RULE OF LAW OR LAW OF RULERS?

摘要

"WE DO BUSINESS ONLY WHERE there is rule of law, not the law of rulers," business leaders often tell me. At a time when law and lawlessness can be easily confused, that may be easier said than done. A good example is the U.S. State Department's warning Americans to "exercise increased caution" in traveling to China, citing "arbitrary enforcement of local laws" that could prevent visiting U.S. citizens from returning home. Even as we approach $700 billion in U.S.-China trade this year, 13 Canadian citizens have been detained since their homeland's high-profile arrest of Meng Wanzhou, the daughter of Huawei's founder and its CFO. The detentions are reportedly retaliation for the apprehension of Wanzhou, who has been charged with wire fraud and violating U.S. sanctions.