CHINA has fined US firm Mintz Group US$1
CHINA has fined US firm Mintz Group US$1.5 million for doing 'unapproved statistical work,' said a Beijing Municipal Bureau of Statistics notice, reports the Wall Street Journal. Mintz has 60 days to file an appeal and six months to file an administrative suit.
The raid of its Beijing office sparked worries about China's openness to foreign investment, reports Reuters. The Beijing's Bureau of Statistics said in a ruling that the firm had carried out 'foreign-related statistical investigations' without obtaining approvals.
In a further notice on its website on July 14, the bureau said Mintz conducted 37 such investigations from March 2019 to July 2022. As punishment, the bureau confiscated the firm's 'illegal proceeds'.
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