China Fines US Due-Diligence Firm Mintz $1.5 Million | China In Focus
A $1.5 million fine was dumped on a U.S. firm by Beijing, marking China’s latest clampdown on Western businesses. Washington removed 27 Chinese companies from its export blacklist, as the U.S. commerce secretary prepares to visit China next week. In a new move to beef up defense against China's nuclear missile threat, the United States and Japan hammered out the details for a major deal coming next year. Expected to become the biggest IPO of the year, a British tech firm reveals a revenue drop. Will slumped smartphone demand and a chunk of profit from China hit the company ahead of its public debut?