Fine against US consultancy firm comes amid growing concerns over China’s openness to foreign investment. China has fined US firm Mintz Group about $1.5m for doing “unapproved statistical work” after a raid of its Beijing office sparked worries about China’s openness to foreign investment. The Beijing’s Bureau of Statistics said in a ruling dated July 5, first reported by The …
BEIJING — An American research firm has been fined $1.5 million by China’s government in a crackdown on information-gathering that has rattled foreign investors. Mintz Group was one of a series of foreign consultants that were raided starting in April after Chinese leader Xi Jinping’s government announced expanded anti-spying rules that left companies unsure what they were allowed to do. …
