Ever since abruptly abandoning its “zero-COVID” pandemic containment strategy last year, China has been at pains to tell the world that it’s back open for business. “China will unswervingly stick to opening up regardless of changes to the global environment,” Premier Li Qiang said in March. But a series of new measures are making it much harder for companies to operate there—particularly a revised anti-espionage law, which took effect on July 1 and is stoking fears that the country may become even more inhospitable to foreign investment. [time-brightcove not-tgx=”true”] Doing business in China has already been difficult—from dealing with stringent epidemic prevention protocols upending supply chains to navigating the increasingly hostile relationship and regulatory environment between the U.S.