China’s Corporate Crackdown
In recent months, the Chinese government has leveled a series of allegations of corporate misconduct – ranging from food-product contamination to price rigging and bribery – against multinational firms. Whatever spurred this regulatory activism, the implication is clear: the age of irresponsible business in China has ended.
https://prosyn.org/x9UYycs
BEIJING – Multinational corporations are under siege in China. In recent months, the government has leveled a series of allegations of corporate misconduct – ranging from food-product contamination to price rigging, bribery, and environmental shortfalls – against foreign-owned companies, with important implications for the development of China’s business environment.