China consultancy crackdown sends jitters across overseas businesses

China consultancy crackdown sends jitters across overseas businesses

FILE PHOTO: A Chinese flag is displayed next to a "Made in China" sign seen on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration

Overseas business lobbies in China said on Tuesday they were unnerved by a sweeping crackdown on consultancy and due diligence firms that is damaging investor confidence in the world’s second-largest economy.