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Corruption in China also harms Western business interests, in particular foreign investors. They risk human rights, environmental, and financial liabilities, at the same time squaring off against rivals who engage in illegal practices to win business. [ 7 ]
Since economic reforms began in 1978, political corruption in China has grown significantly. The types of offenses vary, though usually they involve trading bribes for political favours, such as local businesses trying to secure large government contracts or subordinates seeking promotions for higher office.
BEIJING (Reuters) - One day before a key meeting of China's anti-graft watchdog, the state broadcaster aired a programme on how grassroots corruption is being crushed, dispelling any notion that ...
Zhang Hongli, a former senior executive at Industrial and Commercial Bank of China (ICBC), is being probed by China’s top anti-corruption watchdog, in a sign of a continuing crackdown in the ...
The collusion of government officials and entrepreneurs [1] (simplified Chinese: 官商勾结; traditional Chinese: 官商勾結), or government–commercial corruption, [2] official-business collusion, [3] most generally translated as government-business collusion, [4] is a term with a negative connotation [5] that generally refers to the government or individual officials who show favoritism ...
Xi’s aggressive campaign against corruption has become one of the hallmarks of his presidency, punishing 4.7 million officials over the last decade as China’s top leaders vow to purge corrupt ...
In 1978, China adopted economic liberalization and began attracting foreign businesses. [2] [3] According to Jerome A. Cohen, there was a longstanding policy of treating foreign enterprises leniently to avoid embarrassment and reduce the perception of widespread corruption within China; the policy has since evolved. [3]
A former chairman of the state-owned bank China Everbright Group was jailed 12 years for embezzlement and bribery, official broadcaster CCTV said Tuesday. Tang Shuangning, who had also held senior ...