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Corruption: Skating on Thin Ice

In: China Business 2.0

Author

Listed:
  • Henk R. Randau
  • Olga Medinskaya

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).

Suggested Citation

  • Henk R. Randau & Olga Medinskaya, 2015. "Corruption: Skating on Thin Ice," Management for Professionals, in: China Business 2.0, edition 127, chapter 21, pages 97-101, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-07677-5_21
    DOI: 10.1007/978-3-319-07677-5_21
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