Corruption refers to dishonest acts or fraudulent activities conducted by those in power in a country. This includes people who are involved or work in government. In most cases, corruption involves bribery. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay What is the current corruption situation in China? Corruption in China poses high risks to businesses operating or planning to invest in the country. Corruption continues to negatively affect the business environment. Companies are likely to experience corruption and political interference when acquiring public services and dealing with the justice system. China offers a comprehensive legal framework in the public and private sectors to criminalize various corrupt practices such as money laundering, active and passive bribery, and donations. in the public and private sectors with the anti-unfair competition law focused on commercial corruption. Anti-corruption laws are inconsistently and selectively enforced. There are numerous sources and causes of corruption in China. These include: Judicial system – The judicial system in China presents high corruption risks for businesses. The Chinese Communist Party has rejected the principle of separation of powers and does not provide for an independent judiciary. Judges regularly receive guidance from the government and the ruling party, especially when dealing with politically sensitive cases. (HRR, 2015)Police – Corruption in China's police poses a high risk to businesses. Businesses have reported that police services are very unreliable in protecting them from crime and enforcing the law. Furthermore, two-thirds of businesses report paying for security in China (ES, 2012). Abuses of power among police officers were very rarely prosecuted. Public Services – Corruption is a high risk for businesses obtaining public services in China. Companies report that the exchange of suspicious payments and bribes is widespread and find government regulations difficult and even inefficient. Many surveys show that more than a third of companies report having to pay bribes to the utility sector (Charney Research, January 2015). What are the consequences of corruption in China? Corruption has led to a number of consequences in China, mainly includes high risk for companies and businesses as they pay bribes to public services and other services in the country. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay One way to take action against corruption means changing government processes. If the members of the governing body are government officials, there will most likely be fewer reports of criminal cases. The opposite may only be possible when there are no more criminal politicians in our government.
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