China police question staff at US firm Bain & Company

"We can confirm that the Chinese authorities have questioned staff in our Shanghai office," Bain said.The company's statement came after a media report that police made an unannounced visit to Bain's office in the Chinese financial hub two week ago.

According to the company's website, Bain's Shanghai office was opened in the city's central business district in 2004. It also has offices in Beijing and Hong Kong. As tensions have grown in recent months between the world's two largest economies, US businesses have become concerned about their prospects in China.

"Our business community is spooked, and our members are asking, 'Who's next?' Irrespective of the government's intention, that's the message being received," he added.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ben & Jerry's Co-founder Starts Nonprofit Cannabis Company​One of the co-founders of Ben & Jerry’s has gone from ice cream to cannabis with a social mission. Ben Cohen has started Ben’s Best Blnz, a nonprofit cannabis line with a stated mission of helping to right the wrongs of the war on drugs. The company says on its website that 80% of its profits will go to grants…
Source: NECN - 🏆 20. / 71 Read more »

Japanese brewer Kirin strikes $1.3bn deal to buy Australian vitamin company\n\t\t\tExclusive scoops\n\t\t\tSmart data to help spot risk and opportunity\n\t\t\tAnalysis of broader trends in M&A\n\t\t\tLex, our agenda-setting business commentary (Premium only)\n\t\t\tDue Diligence, an exclusive M&A newsletter (Premium only)\n\t\t
Source: FT - 🏆 113. / 51 Read more »

Radford's Pie Company sends out 4,500 orders after dealing with broken ovenRadford's Pie Company orders update as 4,500 sent out after dealing with broken oven and supply issues
Source: LiveLancs - 🏆 10. / 87 Read more »