China targets foreign consulting companies in anti-spying raids

State media report suggests growing suspicions of firms involved in due diligence and business research industries

Chinese authorities appear to be running a targeted espionage investigation of foreign consulting firms operating in the country, according to a state media report, after recent raids on the offices several international firms.

The latest known case saw officers raid multiple offices used by the business consulting firm Capvision in Shanghai, Beijing, Suzhou and Shenzhen, Chinese state media reported on Monday. It followed raids on Mintz Group in March, which saw five employees arrested and the branch shut down. US management consulting firm Bain & Company said its Shanghai office was visited by Chinese officers in April, and employees questioned.