Abstract
Corruption poses an enormous challenge to all domestic and foreign enterprises operating in China. Systematic corruption is still the rule rather than the exception, even though the government has called for tighter control. Corruption is common in the business-to-business environment and new, preventive opportunities have emerged in the public sector, such as reorganization and appraisal of state assets, the allocation of public investment funds, and the assignment and pricing of land resources. Not even public high-profile prosecutions and convictions have changed the picture. According to a Transparency International (TI) report, China is ranked 80 in 2013 (Table 21.1).
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Notes
- 1.
Transparency International Brib Payer’s Index, 2011 (http://bpi.transparency.org).
- 2.
According to the USA’s FCPA Compliance Regulations, gifts to SOE employees are illegal, as they are considered state officials. This may or may not be the case with other nations and internally in China.
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Randau, H.R., Medinskaya, O. (2015). Corruption: Skating on Thin Ice. In: China Business 2.0. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-07677-5_21
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DOI: https://doi.org/10.1007/978-3-319-07677-5_21
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