Task Force Blog

Issues in the News

Unspoken rules of doing business in China

August 4, 2009

United Press International

New York, NY, United States, — As China has become the world’s most attractive nation for foreign direct investment, multinational companies that do business there have encountered a number of unspoken rules they must follow. One of these is the bribery of Chinese officials.

Telecommunications equipment maker Lucent was found to have spent over US$10 million between 2000 and 2003 to bring approximately 1,000 Chinese officials on 315 trips to the United States. These so-called training trips ended up at tourist destinations throughout the United States, such as Hawaii, Las Vegas, the Grand Canyon, Niagara Falls, Disney World, Universal Studios and New York City.

Continue reading at UPIAsia.com

Share
Latest Press Releases

Civil Society, Business Groups Call on Congress to Support Incorporation Transparency, Ban Anonymous U.S. Shell Companies

FACT Coalition · May 16, 2012

WASHINGTON, DC – Today, 41 business and civil society groups sent a letter to every member of the U.S. House of Representatives ...

Glencore ‘should explain potentially corrupt deals in Congo’ – Global Witness

Global Witness · May 5, 2012

LONDON - Global Witness is today calling on Glencore to explain potentially corrupt deals in the Democratic Republic of Congo, and is ...

Apple Tax Dodging Techniques Emblematic of Problem Costing U.S. $100 Billion, Poor Nations $1 Trillion Annually

Global Financial Integrity · April 30, 2012

WASHIGNTON, DC – A front-page article in Sunday’s edition of The New York Times drew attention to shady accounting techniques utilized by ...