China's crackdown on consulting firms continues with Capvision raid.
China's state security authorities raided multiple offices of international advisory firm Capvision, part of a broader crackdown on the consulting industry as Beijing tightens control over what it considers sensitive information related to national security. Capvision was accused of hiring consulting experts with "high remuneration to illegally obtain various types of sensitive data" and "posing a major risk" to China's national security. The recent raids have raised alarms in the international business community, at a time when the Chinese government is trying to woo foreign investment to help revitalize a slowing economy after three years of self-imposed Covid isolation.