The Traderszone Network

Published in TZ Latest News 25 May, 2014 by The TZ Newswire Staff

China’s state-owned sector told to cut ties with U.S. consulting firms

China’s action, which targets companies like McKinsey & Company and The Boston Consulting Group (BCG), stems from fears the firms are providing trade secrets to the U.S. government, the FT reported, citing unnamed sources close to senior Chinese leaders. “We haven’t received any notification of this kind,” said Margaret Kashmir, a spokeswoman for Strategy& – formerly Booz & Company – in an email, adding that serving clients in China and globally continues to be the company’s main priority.