Wells Fargo exit ban revives fears about doing business in China

Fears that employees of foreign firms risk entanglement with Chinese authorities have resurfaced after news that an employee of U.S. bank Wells Fargo has been banned from leaving the country.
Business groups, diplomats and overseas executives say the incident is part of a long-term trend that had appeared to ease off as Beijing pushed to promote its appeal to foreign commerce to bolster its slowing economy.
Wells Fargo has suspended all travel to China after the incident, a person familiar with the matter told Reuters.
Shanghai-born Chenyue Mao, who spearheads the bank’s international factoring business, was subjected to the ban after she entered China in recent weeks, the Wall Street Journal reported. She is a U.S. citizen, a source told Reuters.