China has released five employees of the U.S. corporate due diligence firm Mintz Group after detaining them for two years.
Their arrest was part of a broader crackdown on foreign consulting and due diligence firms, raising concerns among international businesses. The move comes as Beijing seeks to restore confidence among foreign investors amid declining foreign investment in the country. The release is seen as an attempt to improve China's business environment and attract overseas firms back to the market.
However, concerns remain over regulatory risks for foreign businesses operating in China.
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China Frees Employees of U.S. Consulting Firm After 2-Year Detention
The release of the five employees, detained during a crackdown on foreign due diligence, comes as Beijing is trying to bring back overseas investment.
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China frees Mintz staff in move to soothe foreign sentiment
Chinese authorities have released all employees of a U.S. corporate due diligence firm detained in Beijing two years ago in an apparent move to reassure foreign firms operating in China amid sliding foreign investment in the world's No.
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