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Bribery
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China to Reduce Drug Distributors to Cut Prices
Feb 20, 2017The Financial Times reports a state initiative to reduce intermediaries in China's pharmaceutical market is expected to more than halve the number of companies in the sector, but experts say the government will struggle to achieve its aim ...
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Former Chinese University President Sentenced to Life in Prison
Dec 29, 2015The former president of a key university in east China's Jiangxi Province was sentenced to life in prison on Tuesday for bribery and embezzlement of public funds. Zhou Wenbin was found guilty of accepting cash and gifts worth more than 21 ...
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Former Chinese Media Executive Jailed for Extortion
Dec 25, 2015Shen Hao, former president of 21st Century Media Co. Ltd., was sentenced to four years in prison on Thursday for blackmailing companies by threatening negative coverage. Shen was convicted of extortion and forced transactions, among other ...
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Trans-Pacific Partnership Negotiation Completed
Oct 15, 2015On October 4, 2015, Ministers of the 12 Trans-Pacific Partnership (TPP) countries announced conclusion of their negotiations. The summary of the TPP Agreement is as follows: Disclaimer: The Following Summary of the Trans-Pacific ...
Tags: goods, services, trad, investment
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Foreign Automakers Struggle to Dictate Sales Goals
Dec 29, 2014Foreign automakers in China may struggle to dictate sales goals in the future after dealers complained to the government that inflexible targets set during a market boom obliged them to buy too much stock and bear the brunt of a drop in ...
Tags: auto market, carmakers
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China Australia Free Trade Agreement Will Further Open China as an Attractive Marketplace
Nov 21, 2014The China Australia Free Trade Agreement will further open China as an attractive marketplace for business and investment, with greater access to China’s $10 trillion economy which currently has a growth rate of around 7.7% per year. ...
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Faerch Plast's CSR Report Provides Annual Review of Responsible Business Performance
May 18, 2014Faerch Plast's CSR report provides an annual review of the Group's responsible business performance during 2013. It shows how the company is adapting its business model and pursuing a strategy that delivers sustainable performance, driven ...
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Workmen From an Indonesian Timber Company Fell a Tree with a Chainsaw
Jan 2, 2014Deep in the forests of Borneo island, workmen from an Indonesian timber company fell a tree with a chainsaw, stick a red tag with a serial number onto it and attach a corresponding stub to the stump. This is all part of an arduous ...
Tags: Borneo island, Indonesian, timber, auditing process, illegal logging
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Wal-Mart Has Admitted Some Jobs Will Be Lost From Its Business in India
Dec 19, 2013Wal-Mart has admitted some jobs will be lost from its business in India as the US retail giant plots its growth in the market alone. A report in India's Financial Express claimed Wal-Mart was letting go of 100-150 "senior- to mid-level ...
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Moral Maze Lighting Designers Face Difficult Ethical Questions
Nov 25, 2013With the first faint rays piercing the economic gloom after five years there is anecdotal evidence that things are beginning to warm up for lighting design. The British Chambers of Commerce released an optimistic Quarterly Economic Survey ...
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Quacks Claim That Taking Fish Oils Raises Your Risk of Prostate Cancer.
Nov 21, 2013Quackity quack, the quacks are back, and this time they're targeting fish oil supplements, claiming that taking fish oils raises your risk of prostate cancer. Hogwash. This is just another case of pure fearmongering quackery by the ...
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Gan & Lee Pharmaceuticals Is Brought Under The Limelight Due to a Bribery Scandal
Sep 11, 2013Leading Chinese insulin producer Gan & Lee Pharmaceuticals is brought under the limelight due to a bribery scandal. People in the know disclosed in an interview on September 9 that it was established in Beijing in 1998 and as the sole ...
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Experts Have Called for Reforms of Public Hospitals and More Legislation
Sep 6, 2013Experts have called for reforms of public hospitals and more legislation on the pharmaceutical industry, after police revealed more details on Tuesday of suspected financial violations by GlaxoSmithKline China. The British pharmaceutical ...
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Microsoft Is Co-Operating with US Federal Authorities in an Investigation
Aug 23, 2013Software giant Microsoft is co-operating with US federal authorities in an investigation into alleged "illegal activity" by employees and business partners in Russia and Pakistan. John Frank, vice president and deputy general counsel of ...
Tags: Microsoft, Computer Products
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China Will Launch a New Round of Investigation Lasting for Three Months to Attack Bribery
Aug 19, 2013Reports from Xinhua News Agency said that China will launch a new round of investigation lasting for three months to attack bribery in pharmaceutical and medical treatment fields. The investigation will be led by the State Administration ...
Tags: Health, Medicine, Drug Makers