U.S. consultancy firm Bain has Shanghai office raided as relations between Beijing and Washington sour

 
As relations between Beijing and Washington continue to deteriorate, U.S. consultancy giant Bain says Chinese police have visited its office in Shanghai.

The firm says it is cooperating with authorities where appropriate.

Officers reportedly took away computers and phones.

Just last month, fellow U.S. company ‘Mintz’ was also raided and five local employees were detained.

Bain’s Shanghai office was opened in the city’s central business district in 2004 and it has additional offices in both Beijing and Hong Kong.

The global firm provides advice to public, private, and non-profit organisations.

U.S. businesses are becoming increasingly concerned about their prospects in China given current geopolitical tensions.

Tensions have heightened since former President Donald Trump triggered a trade war between the two nations in 2018.

They were recently frayed even further when the U.S. shot down an alleged Chinese spy balloon, which Beijing insisted was a weather monitoring device. #trending #featured