Commercial Bribery - Social Harm and Governance Countermeasures

Author: Cheng Baokui
Publisher:
Publish Date: 2006-06-01
Features: China is a newly emerging socialist market economy country. Since the reform and opening-up, China has achieved remarkable achievements in economic and social development that have attracted worldwide attention. However, during the process of reform and opening-up to build a socialist market economy system, commercial bribery has also flourished and become an implicit rule of the market, causing severe political, economic, and social harm. The prevalence of commercial bribery in China and its transformation into an implicit market rule stem from complex reasons. During China's economic and social transformation, the country lacked experience in building a market economy, and during the critical phase of economic system reform, resistance to reform increased. Some outdated systems, old concepts, and old practices could not be promptly reformed, lagging behind the real needs of market economy development. As people's thoughts became increasingly complex, market ethics were distorted. The rampant commercial bribery in China has further confused people's sense of right and wrong and market behavior norms.