Banker's Return: Chenyue Mao's Exit Ban Lifted Amid U.S.-China Diplomatic Deal
Wells Fargo banker Chenyue Mao, who was barred from leaving China, has returned to the U.S. following negotiations between U.S. and Chinese officials. Her exit ban was lifted after discussions about TikTok's U.S. ownership. This case underscores concerns about foreign employees facing legal entanglements in China.
Chenyue Mao, a Wells Fargo banker, has been allowed to return to the United States after months of being barred from leaving China. This development follows extensive negotiations between U.S. and Chinese officials.
The removal of Mao's exit ban coincides with a significant agreement in Madrid to transition TikTok's ownership to U.S. control. This agreement is seen as a critical step in easing tensions between the two largest global economies amidst a prolonged trade war.
China's Foreign Ministry stated that Mao was previously unable to leave the country due to her involvement in a criminal investigation. This situation has raised concerns about potential risks for foreign company employees operating in China.
(With inputs from agencies.)
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