Business Bribery (Social Harm and Governance Countermeasures)

Author: Cheng Baoku
Publisher:
Publish Date: 2006-06-01
Features: China is a newly emerging socialist market economy country. Since the reform and opening-up, China's economic and social development has achieved worldwide recognition. 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 market rule, causing severe political, economic, and social harm. The reasons for the rampant commercial bribery and its transformation into an implicit market rule in China are relatively complex. During China's economic and social transformation, the country lacked experience in building a market economy. Additionally, during the critical phase of economic system reform, resistance to reform increased. Some outdated systems, old concepts, and old practices could not be reformed in time, lagging behind the real needs of market economy development. Meanwhile, people's thoughts became increasingly complex, leading to distortions in market ethics. The rampant commercial bribery in China has further confused people's sense of right and wrong and market behavior rules.
China is a newly emerging socialist market economy country. Since the reform and opening-up, China's economic and social development has achieved worldwide recognition. 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 market rule, causing severe political, economic, and social harm. The reasons for the rampant commercial bribery and its transformation into an implicit market rule in China are relatively complex. During China's economic and social transformation, the country lacked experience in building a market economy. Additionally, during the critical phase of economic system reform, resistance to reform increased. Some outdated systems, old concepts, and old practices could not be reformed in time, lagging behind the real needs of market economy development. Meanwhile, people's thoughts became increasingly complex, leading to distortions in market ethics. The rampant commercial bribery in China has further confused people's sense of right and wrong and market behavior rules.