Reuters - Video

Edition: US | UK | IN | CN | JP

video Finance Videos

China and the big corruption clampdown

Tuesday, July 30, 2013 - 02:18

July 30 - A crackdown on corruption by Beijing has brought about unwanted headlines for some big international pharma companies. But why now? And can you do business in China without bribing?

▲ Hide Transcript

View Transcript

In China wind as a -- the Bryant GlaxoSmithKline. AstraZeneca and UCB have or had their offices such. And stop questions by Chinese police in recent weeks. And they seem a little makes it very clear yet it's a criminal offense that Chinese nationals -- companies to drive the government officials. The little also applies to multi nationals offices doing benches and Florida and into prices has been in place more than two kids. The difference and now is the new gone under prisons that she's in pain as kids off the content down. Lawyer David Young who advises big fans on risk and crisis management in China. Says there's been a model change and that prosecutors aren't just halting that is getting the -- anymore. No not being there is doling out the cash and goodies. In the past what I see congress -- and USF CPA. An impact on the operations in China on my whole other countries. Who might you know my business in emerging markets. How is the you can have bribery act an impact on my operations in China and other emerging markets. But now if only just and think when they come to China site. OK okay investigated I need to find face a financial fine. I think I think a lot of companies are waking up they need to do it mean these days based in a way to get -- say. And say well. This is China I'm gonna do with the Chinese way. Chinese -- says he -- up -- -- and come with Kate acts are especially vulnerable at a time when China's booming health sect say is attractive to big fauna. Why every list such as well beyond the drug industry. Back under the old regime a transparency international Sunday -- 27%. A business people believed they'd lost business in China to contest says paying bribes. UK director Robert Barrington says this some way today. Is in China that driving is difficult in the defense -- -- us some people say it's simply not possible Steve is that without paying bribes. And some people saved with the right precautions you can do it. Say you won the tapes that they see you you say as possible not to pay bribes are going to win out. For big business hunting for great and kids can't China cleaning up its act. Is shifting the risk reward balance STS case to -- the hot way.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

China and the big corruption clampdown

Tuesday, July 30, 2013 - 02:18