China frees staff of U.S. firm Mintz in move to soothe foreign sentiment

Beijing – issued Chinese authorities All employees of the due care company in American companies Declared in Beijing Two years ago In a clear step to reassure foreign companies operating in China, amid foreign investment sliding in economics No. 2 in the world.
A spokesman for the company told Reuters on Tuesday that Beijing staff detained in the Mintz Group, and all Chinese citizens, had been released.
The news of their release came in the aftermath of the fair participation China Development Forum In Beijing, dozens of foreign executives attended a platform used by Chinese officials to bring a message to the house that China is Open to foreign capital.
The Chinese authorities detained the five local employees in a raid that was found to be the beginning of a comprehensive campaign for consulting and diligence companies including the Bain & Company office in Shanghai, as well as Capvision Partners.
Mintz employees, who specialize in the background examination, and the collection of facts and internal investigations, were arrested in March 2023 before the same high -level economic forum, and it is delivered Cold on foreign feelings towards China.
Reuters said in May 2023, citing sources, that Mentz had participated in the due care work of companies that are studying the potential use of forced work in supply chains associated with associated supply chains China’s Chinjiang area.
China said it welcomes foreign trade and investment, but stressed that national security precedes development.
“We are grateful to the Chinese authorities that our former colleagues can now be at home with their families.”
Mintz has 12 offices all over the world and more than 280 investigators, according to its website.
Before the Chinese Development Forum for this year, Chinese officials installed an attack on magic, wore meetings with senior foreign executives to reassure the Chinese market’s appeal.
Foreign direct investment in China decreased by 27.1 % in the local currency in 2024 compared to the previous year, according to official data, the most since the 2008 global financial crisis.
The awareness also came as the collective tariffs with the United States escalated, which showed Beijing’s passion for uniting relations with global business leaders to support the unrest that the president started Donald TrumpIt is expected that more penalties on Chinese goods will be surrounded as soon as possible next month.