China has released five staff members of US due diligence firm Mintz Group, two years after they were detained as part of a crackdown on consulting firms working with foreign businesses. Their detention in March 2023 came at a time of heightened suspicion of foreign espionage in China and kicked off a wave of raids on consultancy firms such as Bain & Company and Capvision Partners.

Chinese authorities have released all employees of a US corporate due diligence firm detained in Beijing two years ago. The detained Beijing

The release of the employees from the firm, the Mintz Group, comes as China is trying to woo back foreign investors to help revive its sagging economy.