Companies need to be prepared with
relevant dawn raid procedures
China's anti-corruption forces have been aggressively
hunting down officials hiding in the West, and it turns out they're also
trying to root out supposed corruption at foreign companies doing business in
China.
Multinational
corporations with Chinese outposts have become increasingly aware that the
Chinese government will investigate them for corruption — sometimes during unnanounced
early-morning raids.
It's possible China's
president, Xi Jinping, is cracking down on foreign firms intentionally to favor
domestic competitors, as David Blumenthal has written in Foreign Policy.
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