Chinese Premier Li Keqiang
Worldwide, governments are beginning to bring down the hammer on corporate corruption. U.S. enforcement of Foreign Corrupt Practices Act policies has increased. Brazil passed an Anti-Corruption Law. And now, Chinese Premier Li Keqiang has laid out his own plan for fighting corruption within the country’s government.
In remarks released in full on Feb. 23, Li told a meeting of the State Council, China’s cabinet, on Feb. 11 that the government’s power over markets and business are a key reason for rampant corruption. He said bidding for construction projects, land-use contracts, and mining rights are three areas that have been prone to corruption.