About this sample
About this sample
Words: 419 |
3 min read
Published: Mar 1, 2019
Words: 419|Page: 1|3 min read
Corruption refers to dishonest acts or fraudulent activity that is conducted by those in power in a country. This includes people who are involved with or work in the government. A lot of the time corruption involves bribery.
Corruption in china presents business operating or planning to invest in the country with high risks. corruption continues to negatively influence the business environment. Companies are likely to experience bribery, political interference when acquiring public services and dealing with the judicial system.
China offers a comprehensive legal framework in the public and private sectors to criminalize several corrupt practices such as, money laundering, active and passive bribery, and gifts in the public and the private sector with the Anti-Unfair Competition Law focusing on commercial bribery. Anti-corruption laws are inconsistently and selectively enforced.
There are a number of sources and causes of corruption in china. These include:
Corruption has lead to a number of consequences in china, this mainly includes the high risk for companies and businesses as they are paying bribes to public services and other services in the country.
One way of taking action against corruption is to change the government processes. If the members of the governing body are government officials, there will most likely be less reports of the criminal cases. The reverse may be possible only when there are no more criminal politicians in our government.
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