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1 results

  • 5 - Corruption and Anti-corruption

  • from Part II - Forces Acting on the Corporate Ecosystem
  • Colin S. C. Hawes, University of Technology, Sydney
  • Book:
    The Chinese Corporate Ecosystem
    Published online:
    21 July 2022
    Print publication:
    04 August 2022, pp 146-174

  • Summary

    This chapter analyzes the major problem of corporate-political corruption in more detail, using case studies of Bo Xilai and the Shide Group ("white gloves"), Zhou Yongkang and CNPC ("protection umbrellas"), and Zhao Zhengyong in Shaanxi Province ("predatory corruption" and "symbiotic parasitism") to illustrate the key types of collusive corruption between officials and corporations and their harmful impacts on Chinese society and politics. At the same time, the chapter introduces the case of Shenzhen's gray property market to show that sometimes a degree of symbiotic corruption is necessary to overcome inflexible and outdated regulations in a rapidly developing economy.