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

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