China Companies Rank Lowest in Survey of Transparency Reporting

Chinese companies ranked the lowest in a survey of public reporting practices in emerging markets, underscoring concern that the government’s anti-corruption campaign may not take root in the corporate sector.

The 33 Chinese multinationals surveyed averaged a score of 2 out of 10 points in Berlin-based Transparency International’s “Transparency in Corporate Reporting” survey, released yesterday. Chery Automobile Co., the closely held carmaker based in Wuhu, China, joined one other company among the 100 surveyed with a score of zero across the three categories measured.