Corruption: Skating on Thin Ice

Henk R. Randau and Olga Medinskaya

Chapter 21 in China Business 2.0, 2015, pp 97-101 from Springer

Abstract: 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).

Keywords: Chinese Communist Party; Foreign Enterprise; State Asset; Transparency International; Systematic Corruption (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-319-07677-5_21

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