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Consultancy firms in China tested limits before Beijing's crackdown

Dan Harris in Reuters

May 5th, 2023
China’s clampdown on its consultancy and due diligence sector has driven companies to review their operations after some tested the limits of the laws and Beijing’s patience to meet surging demand as China emerged from its COVID-lockdowns. Some of these firms in China outsourced risky work to contractors and took on projects they knew might irk authorities even before an official crackdown started in recent months, according to half a dozen people familiar with the industry...
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