{"id":1934099,"date":"2023-05-19T11:04:34","date_gmt":"2023-05-19T15:04:34","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-drugmakers-china-executive-promises-company-will-love-the-communist-party\/"},"modified":"2023-05-19T11:07:22","modified_gmt":"2023-05-19T15:07:22","slug":"global-drugmakers-china-executive-promises-company-will-love-the-communist-party","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-drugmakers-china-executive-promises-company-will-love-the-communist-party\/","title":{"rendered":"Drug company&#8217;s China executive pledges to support Communist Party."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fglobal-drugmakers-china-executive-promises-company-will-love-the-communist-party%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1934099&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>AstraZeneca Vows to be a Patriotic Company in China<\/h2>\n<p>Global drugmaker AstraZeneca is making a bold move in China by pledging to be a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/woke-outrage-mob-upset-that-dallas-cowboys-teamed-up-with-black-rifle-coffee\/\" title=\"Woke Outrage Mob Upset That Dallas Cowboys Teamed Up with Black Rifle Coffee\">patriotic company<\/a> that &#8220;loves the Communist Party&#8221;. Wang Lei, the company&#8217;s China president and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/global-drugmakers-china-executive-promises-company-will-love-the-communist-party\/\" title=\"Drug company's China executive pledges to support Communist Party.\">global executive vice president<\/a>, made the announcement at an event in Wuxi celebrating AstraZeneca&#8217;s 30th year in China. While many local companies have publicly pledged allegiance to the ruling Chinese Communist Party, it is still unusual for <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hemingway-what-did-foreign-companies-get-for-paying-biden-family\/\" title=\"Hemingway: What Did Foreign Companies Get For Paying Biden Family?\">foreign companies<\/a> to do so.<\/p>\n<h3>Building a Local, Transnational Company<\/h3>\n<p>Wang Lei&#8217;s presentation to a few hundred participants included the message &#8220;Build a local, transnational company that loves the Communist Party and loves the country&#8221;. AstraZeneca declined to comment on the matter. The company has been increasing its investments in China, including a $450 million investment to build a factory to make inhalers. China accounted for 13% of AstraZeneca&#8217;s total sales last year, making it China&#8217;s biggest drugmaker.<\/p>\n<h3>Foreign Firms Show Commitment to China<\/h3>\n<p>Since China started reopening its borders earlier this year, many heads of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sen-rubio-introduces-bills-to-thwart-chinas-attempt-to-obtain-us-genomic-data\/\" title=\"Sen. Rubio Introduces Bills to Thwart China's Attempt to Obtain US Genomic Data\">foreign firms<\/a>, including AstraZeneca&#8217;s CEO Pascal Soriot and Apple&#8217;s Tim Cook, have visited the country to stress their commitment to China. However, a recent crackdown on consulting and due diligence firms by Chinese authorities is causing concern among foreign companies who rely on such consultancies to conduct research on the market and prospective deals.<\/p>\n<h3>Conclusion<\/h3>\n<p>AstraZeneca&#8217;s move to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dallas-mavericks-owner-mark-cuban-slammed-for-removal-of-national-anthem-at-start-of-games\/\" title=\"Dallas Mavericks owner Mark Cuban slammed for removal of national anthem at start of games\">pledge allegiance<\/a> to the Communist Party is a bold one, but it remains to be seen how it will be received by the Chinese public and government. As foreign companies continue to navigate the complexities of doing business in China, it is clear that showing commitment to the country and its leadership is becoming increasingly important.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AstraZeneca&#8217;s China president, Wang Lei, stated at an event in Wuxi that the global drugmaker aims to be a patriotic company in China that &#8220;loves the Communist Party&#8221;. Lei, who is also the company&#8217;s global executive vice president, made the comments during a celebration organised by the firm.<\/p>\n","protected":false},"author":66,"featured_media":1934100,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[4501,6092,8184,5642,3741,4787,5136,3723],"class_list":["post-1934099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-china","tag-communist","tag-companys","tag-drug","tag-executive","tag-party","tag-pledges","tag-support"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_finder_url":"https:\/\/freebeacon.com\/latest-news\/global-drugmakers-china-executive-promises-company-will-love-the-communist-party\/","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1934099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1934099"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1934099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1934100"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1934099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1934099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1934099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}