Companies cutting costs but increasing risks

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clpstaff &clp articles

A new survey reveals that almost all businesses in China have recently experienced fraud

I wrote in July, there are risks in China and business needs to accept that. Of course, China is not unique in that fact, but it seems reasonable that a country which makes international headlines daily for its record-breaking economic growth and development should require particularly close examination.

If the figures in the latest survey conducted by The Economist Intelligence Unit for risk specialists Kroll are to be believed (and there's no reason why they shouldn't be) there is cause for concern. To quote from Kroll's new global fraud report: “In the latest survey, 96% of companies in Greater China said that they had experienced at least one type of fraud in the last three years.”

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