For any large, multinational corporation, dealing with compliance laws around the world is a complicated matter. This is especially true in China, where businesses must navigate tricky waters dealing with the government and state-owned enterprises.
The latest corporation to hit a speed bump in China is mega retailer Wal-Mart. Recently, China Central Television (CCTV), the country’s major state-owned broadcaster, accused Wal-Mart of bypassing China’s quality, trade and food-manufacturing permit procedures and working with unlicensed vendors. According to the Wall Street Journal, CCTV claimed to have reviewed hundreds of company documents that revealed that Wal-Mart approved hundreds of unlicensed products.