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.
Xi’s government has tightened the ruling Communist Party’s control over the economy and society, including by launching data security crackdowns and expanding restrictions on what information can be moved abroad.
That has shaken foreign companies at a time when Xi’s government is trying to revive investor interest in China as part of efforts to reverse a deepening economic slump. Mintz Group said in April its Beijing office was raided by police and five employees detained. Bain & Co. said its staff in Shanghai were questioned by police. State media said in MayThe British Chamber of Commerce in China said in May a survey found
about how newly expanded anti-spying and other rules will be enforced before they go ahead with new investments.from a Chinese firm that has been part of its global network for eight years due to changes in data protection and cybersecurity rules.In 2020, ride-hailing firmmore than 8 billion yuan by the internet regulator on charges of improperly collecting and handling data on millions of users.
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