China state media reports provide the first official confirmation that a nationwide sweep of corporate intelligence and due diligence firms is under way
Police have raided corporate offices as part of China’s efforts to shield the country from foreign influence.China signaled through state-run media that its national security agencies are engaged in a nationwide investigation into whetherthat has grown up to serve Western businesses in the country has been used for foreign espionage.
State broadcaster China Central Television and other official news outlets said that amid Western pressure on China, profit-oriented consulting firms sometimes have a weak awareness of the country’s national security concerns, and had frequently operated at the edge of legality to gather information in sensitive sectors of the military, the defense industry, the economy and finance.
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