SHANGHAI/BEIJING -- President Xi Jinping's fight against corruption has fanned out from the "oil clique" to autos, steel and other industries. And for multinationals, this only adds to the risk of operating in China.
On Friday evening, executives at Dongfeng Nissan Passenger Vehicle gathered for a hastily called meeting in Guangzhou. They were dumbfounded to learn that Vice President Ren Yong of Dongfeng Motor, another Nissan Motor joint venture, would lose all his posts as a result of being put under investigation by the Communist Party's disciplinary investigation commission.
