In the three months since the Communist Party of China (the “CPC”) convened its 18th National Congress in November 2012, the CPC’s new leaders, including newly appointed CPC General Secretary and China’s incoming president Xi Jinping, repeatedly have emphasized the important policy goal of combatting corruption. In several speeches since Mr. Xi took over the reins of the CPC, he cautioned that corruption could lead to “the collapse of the Party and the downfall of the state,” and has stressed that anti-corruption efforts need to target both “flies” and “tigers,” meaning both low and senior level officials.
In keeping with this theme, new regulations from the Political Bureau of the CPC Central Committee and the Central Military Commission have restricted practices such as ostentatious floral displays and luxury banquets for officials. More recently, the Xinhua state news agency reported in advance of the Spring Festival holiday that Chinese radio and television stations were to ban advertisements for expensive gifts such as watches and gold coins, and the People’s Daily even warned that Valentine’s Day had become an opportunity for fraud and corruption among some party members. High-profile stories of corruption— often fed by the burgeoning Chinese blogosphere, including 400 million users of Weibo’s microblog and countless exchanges over QQ’s instant messaging service— have become mainstays in both Western and Chinese media outlets.
Please see full alert below for more information.
Firefox recommends the PDF Plugin for Mac OS X for viewing PDF documents in your browser.
We can also show you Legal Updates using the Google Viewer; however, you will need to be logged into Google Docs to view them.
Please choose one of the above to proceed!
LOADING PDF: If there are any problems, click here to download the file.
Topics: Anti-Corruption, Bribery, China, Chinese Communist Party, Conditional Gifts, Enforcement, Improper Benefit, Leniency Programs, Paying Bribes, Penalties
Published In: General Business Updates, Criminal Law Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
© Morrison & Foerster LLP | Attorney Advertising