Attorneys, general counsels and C-suite stakeholders with corporate exposure to China are facing an increasingly fluid and rapidly evolving legislative and regulatory landscape forcing them to move strategic risk planning front and center—and the number of players from Capitol Hill to government agencies all the way to the White House has been growing steadily, making the assessment of future risk scenarios involving China more complicated by the day.

"I've been doing this for 40 years. There are more tensions now. There are more sanctions and other issues coming up on a daily basis than I've ever seen in my practice," Morgan, Lewis & Bockius partner Carl A. Valenstein said.

Blank Rome partner Anthony Rapa equally underscores the urgency felt among industry stakeholders to "get into substantial and perhaps even serious planning with respect to geopolitical risk regarding China."