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Byline: Rana Foroohar (With Paul Mooney in Beijing, Katka Krosnar in Prague, Anna Kuchment in Moscow, Stefan Theil in Berlin and Emily Flynn in London)
It's a tale that's all too familiar in business circles. Back in June, Liu Yongxing, the CEO of the East Hope Group, an animal-feed company that is China's largest private enterprise, was invited to come to the United States by Novus International, a potential supplier, with the expectation that the two companies would sign a million-dollar deal. But Liu, turned off by new, post-9/11 barriers to entering the United States, decided to send two subordinates. As they were navigating the in-person interviews and other ...