Call to ban McKinsey from US government contracts for China work

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Testimony to congress That plan committed China to boosting its technological capabilities and contributed to a rise in Sino-US tensions, which has included a more hawkish mood in Washington towards western businesses’ work in China. Bob Sternfels, McKinsey’s global managing partner, this month told Congress he was unaware of the firm having ever worked for the Chinese central government. McKinsey this week stood by the statement, saying UCI was a separate entity set up in partnership with two universities and McKinsey had not authored the research that UCI did for China’s National Development and Reform Commission. “McKinsey appears to have...