American Companies in China Cite Corruption Challenges in Survey
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As China’s President Xi Jinping continues to push a sweeping campaign against official graft, a survey of American business shows corruption is a big concern for companies.
The problem of corruption and fraud is one of the top five challenges for American companies in China, says the “China Business Report 2013-2014,” released Feb. 25 by the American Chamber of Commerce in Shanghai and Control Risks, a business advisory group. Other top challenges include local protectionism, human resources constraints, and rising costs, with the last cited as the biggest concern for the third year in a row, with 89 percent of the companies surveyed calling it a problem.