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International business consultancies operating in China that provide economic data to potential investors appear to be headed into a period of greater scrutiny as of July 1, when a revised espionage law expands the list of activities Beijing considers spying.
The consultancies assist companies and individuals seeking profit from the world's second-largest economy by doing deep background reports before money flows into China. And while China's economic policymakers advocated in March for more foreign investment to restore an economy stalled by Beijing's draconian COVID-19 pandemic restrictions, that position runs counter to President Xi Jinping's national security concerns.
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