Foreign companies and multinationals in China can be vulnerable to internal corruption. Lapses in judgment or inadequate defence procedures may make them liable for crimes committed by employees It is therefore imperative that all companies in China understand the types of behaviours that are illegal under China’s criminal and anti unfair competition laws. This article discusses China’s legislation on commercial corruption and offers advice on preventing acts of fraud, embezzlement …
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corruption
A new anti-corruption commission has been established with even wider powers, and it may just be working, writes Tom Pattinson Since coming to power Xi Jinping has made it his mission to clamp down on official corruption. Xi pledged to crack down on both “tigers and flies” – everyone from senior officials to civil servants – and he has followed through on his promise. Since the end of 2012, over …