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China’s efforts to curb corruption show no signs of abating. The latest examples show an ongoing commitment to eradicating corruption in business dealings. Companies should ensure proper due diligence processes are in-place and should know the risks of conducting business in China.
Twenty-six state-owned enterprises are to be investigated for corruption: China State Construction Engineering Corporation, China Shipbuilding Industry Corporation, Shanghai Baosteel Group, PetroChina, China Southern Power Grid, and China Mobile are among the companies named. China last week also unveiled a new anti-corruption app that allows citizens to report instances of corruption via video, text message or pictures. Reported instances of corruption have doubled since the app went live.