Foreign Executives in China Ask ‘Who’s Next?’ After Bain Probe
- Chinese authorities questioned staff at Bain’s Shanghai office
- ‘Our business community is spooked’: Amcham China president
A flag raising ceremony in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Just as China’s leaders look to attract more overseas investment, expatriates in the world’s second-biggest economy are becoming worried about a potential fresh wave of probes targeting foreign companies.
US consultancy Bain & Company confirmed this week that Chinese authorities questioned staff at its Shanghai office, without revealing details on the nature of the investigation. That followed a series of actions taken against other foreign companies, including a raid last month of New York-based due diligence firm Mintz Group’s Beijing operations and the detention of an employee of Japanese drugmaker Astellas Pharma Inc. just days later.