China liberated five Mintz Group employees who were detained in 2023 – an obvious effort to win foreign companies as investments from foreign crashes.
“We understand that the employees of the Mintz Group of Peking were detained, all Chinese nationals, now released,” a spokesman for the diligency company said on Tuesday. “We are grateful to the Chinese authorities that our former colleagues can now be home with their families.”
The spokesman did not say when five were liberated. The Financial Times first reported on the story.
This move comes while China increases efforts to lure Globals after investmentcollapsed last yearto the lowest in more than three decades. On Sunday in Beijing, Prime Minister Li Qiang addressed the gathering of the best managers Fedex Corp., Boeing Co., Pfizer Inc., Qualcomm Inc. And others, saying that countries should open markets due to growing economic fragmentation.
Li also met Republican senator Steve Daines at the beginning of the Chinese development forum. Daines, a member of the Foreign Relations Committee, spoke earlier with Vice Premier He Lifeng – a rare public exchange between US and Chinese officials since President Donald Trump returned to the White House.
Tim Cook, Apple Inc., Qualcomm’s Cristiano Amon, Albert Bourla of Pfizer and Amin Nasser Saudi Aramco also visited a forum, a platform dating from 2000, which facilitates high -level dialogue between China and the world. Plans for corporate heavy weights were made to meet Chinese leader of XI Jinping on Friday, Bloomberg News reported earlier, citing people familiar with the issue.
Beijing has In recent years subalted Enhancing their surveillance of Western companies as tension with mounted USA. In March 2023, the authorities carried out a New York headquarters in New York in Beijing and detained five employees.
Bain & Company and Company and Capvision Pro Corp., a global professional network, are also target. China has provided some details about his moves, but the state media said that the Capvision Office raid is part of the fight against escaping consulting companies.
XI has put a priority in the protection of national security even when China tries to encourage foreign investment to help revive the economy. Beijing took steps to tighten control over sensitive data, especially after US sanctions that target important industry such as chips.
This story is originally shown on Fortune.com
