"Japanese Businessman Formally Arrested in China on Espionage Charge"

China has formally arrested a Japanese man who was detained in March, causing concern among foreign businesses operating in China. The arrest comes amid a crackdown on international consulting firms on national security grounds. The Japanese man, reportedly an employee of a Tokyo-based pharmaceutical firm, was arrested on suspicion of violating China's criminal law and anti-espionage law. Foreign companies and investors have grown wary of rising risks in China, including raids and detentions, leading to a decline in foreign direct investment into the country.