China's Ongoing Anti-Corruption Drive Also Affects Foreign Companies

May 02, 2019 | BY

Marilyn Romero

New legislation and judicial rulings on bribery over the past year have impacts on foreign companies doing business in China.

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At the opening of the recent summit on China's Belt and Road Initiative, or BRI, held in Beijing in late April, Chinese President Xi Jinping underscored his administration's commitment to transparency and clean governance, and its zero tolerance for corruption. Xi's declaration comes as allegations of corruption and a lack of sustainability continue to hound some of the country's highest-profile BRI projects. The president aimed to reassure foreign investors, promising that everything should be done “in a transparent way”.