Latest Articles about Corruption
Generally Unacceptable Accounting Principles: Lessons From PwC and AstraZeneca’s Contrasting Fates
Executive Summary: The contrasting fates of foreign companies in two recent fraud cases suggest that the People’s Republic of China (PRC) treats firms differently depending on their political utility. AstraZeneca has been guilty of widespread medical insurance fraud but has probably been treated leniently by... MORE
PRC-Manufactured Weapons Abound Among African Militant Groups
Executive Summary: Weapons manufactured in the People’s Republic of China (PRC) are increasingly falling into the hands of militant groups across Africa, with key contributors being state-owned defense contractors like Norinco. However, it is unclear how the weapons reach these groups. Militant groups such as... MORE
Government Cracks Down on SOEs but Runs Risks
Executive Summary: The Supreme People’s Court and Central Government Regulators have put State-owned Enterprises (SOEs) on notice for fraudulent accounting practices, releasing five case studies to name and shame bad actors. The Central government made clear SOE fraud carries both economic risk and reputational risk... MORE
Peng Liyuan Rises Up the Ranks: Implications for Xi’s Despotic Rule
Executive Summary: Recent behavior by General Secretary Xi Jinping suggests a contradiction in his approach to leadership. While he has sacked protégés, suggesting a reckoning with past personnel decisions, he continues to prioritize personal connections and loyalty over competence. This centralization of power is exemplified... MORE
Russian Hopes and Fears Post ‘Election’
Executive Summary: Russia’s recent presidential “elections” are likely to mark a turning point in President Vladimir Putin’s behavior at home, abroad, and toward those Russians who oppose him. While optimists may hope he will use his unchallenged power to make peace and reduce repression, many... MORE
China’s Anti-Corruption Efforts Gain Momentum in Finance and Healthcare
Editor’s note: Tables at the end of the PDF version of this article detail a selection of the officials who have been investigated as part of probes into the health and financial sectors this year. On September 27, Chinese President Xi Jinping presided over a... MORE
The Long Arm of the Law(less): The PRC’s Overseas Police Stations
Introduction In April, the FBI charged two Chinese-Americans, both U.S. citizens, with conspiring to act as agents of the government of the People’s Republic of China (PRC) by establishing an “overseas police station” on behalf of the Fujian Public Security Bureau in New York. The... MORE
Xi’s Anti-Corruption Campaign: Yunnan Province in Focus
Introduction At the 20th National Congress of the Chinese Communist Party (CCP) last October, General Secretary Xi Jinping lauded the achievements of his anti-corruption campaign, reminding the audience that a total of 207,000 “top leaders” (一把手) at all levels had been investigated by the discipline... MORE
The 20th Party Congress and the Future of Elite Politics in China: An Interview with Willy Wo-Lap Lam
It is widely perceived that President Xi Jinping sees China as enmeshed in a broader struggle between an axis of authoritarian powers on the one hand and the U.S. and its allies, a coalition of (largely) liberal democracies on the other. What is driving Xi... MORE
All the President’s Men – Corruption in the Xi Jinping Era
Introduction Since the opening up of the Chinese economy by Deng Xiaoping in 1979, China has grown wealthy, but corruption has also become pervasive at all levels of the Chinese Communist Party (CCP). Corruption has been a part of Chinese business and governance for millennia,... MORE