Since taking office in 2013, President Xi Jinping has emphasized the importance of enforcing his campaign against corruption. The number of bribery convictions issued in recent years and the possibility of receiving the death penalty for serious corruption-related crimes underscores the seriousness with which the CPC considers corruption. The penalties for bribery are harsh compared to most other countries and serve as a strong method of deterrence. Part II of this Article discusses the PRC's anti-corruption laws in the individual and commercial contexts and note the inherent problems in the CPC's enforcement efforts. Part III will discuss the impact of these provisions on China's economy, on China's rule of law, and on foreign businesses. Part IV will provide recommendations on how China can enhance its anti-corruption enforcement efforts and improve transparency of its laws, taking cues from the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act. Part V will conclude by explaining why China should join the Organization for Economic Co-operation and Development (OECD) Anti-Bribery Convention to guarantee implementation of its laws.
Endemic Corruption in the People's Republic of China,
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