China's Exit Bans on US Citizens Spark Global Business Fears

China has imposed exit bans on a US government employee and a Wells Fargo banker, preventing them from leaving the country.

The Chinese government claims the banker is involved in a criminal case, while the US State Department has raised concerns about the use of exit bans as diplomatic leverage. These incidents have heightened anxiety among foreign businesses and Western firms operating in China, leading Wells Fargo to suspend all business travel to the country. The move comes amid already strained US-China relations and ongoing trade tensions.

The use of exit bans is seen as a significant risk for multinational companies and their employees in China.