Connect with us

China

China’s Anti-Corruption Efforts Pay Off: Analysis of 2016 Corruption Perception Index

Avatar

Published

on

 

By Mini vandePol, and Vivian W. Wu

China’s ranking on Transparency International’s (TI) 2016 Corruption Perception Index (CPI) continues to improve, moving up four places to 79.

Significance of the CPI

The CPI was originally introduced in 1995 as a composite indicator used to measure perceptions of corruption in the public sector in countries around the world. Since then, it has been used as an important gauge by companies in managing corruption risks when conducting businesses in foreign countries. The 2016 CPI was published January 25, 2017.

A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). A country or territory’s rank indicates its position relative to the other countries and territories in the index.

Highlights of the 2016 CPI

TI said this year’s results “highlight the connection between corruption and inequality, which feed off each other to create a vicious circle between corruption, unequal distribution of power in society, and unequal distribution of wealth.” The latest CPI is a reminder for companies that rely on its rankings to review their global compliance programs and make regional adjustments. Companies should pay attention to those countries and regions that have dropped significantly in the their rankings and scores, and identify compliance risks that were previously undetected.

Some highlights of the 2016 CPI include:

  • More than two-thirds of the 176 countries and territories in this year’s CPI scored below 50 on the index scale of 0 to 100.
  • More countries declined than improved, and a majority of Asia Pacific countries are in the bottom half of the CPI.
  • China’s rank has continued to improve, moving up four places  to 79 from 83, and its CPI score increased by three points.
  • Hong Kong also improved, moving up…

Source : China’s Anti-Corruption Efforts Pay Off: Analysis of 2016 Corruption Perception Index

Comments

China

Rapid growth in China post-COVID makes it ripe for investment

Being “first in and first out” of COVID-19, China is the only country among the G20 that is thought by the Organisation for Economic Co-operation and Development (OECD) to have increased GDP in 2020.

Avatar

Published

on

China’s economy rebounded sharply.

In January 2020 as the world began to learn of COVID-19, many market observers predicted a challenging year for Asia. While there continue to be headwinds from the health and economic crisis, Asia, and China in particular, has demonstrated comparatively advantageous resilience.

Loading...
(more…)

Continue Reading

China

Mainland China is in no position to take Taiwan by force

Unlike his predecessors, Chinese President Xi Jinping has demonstrated greater intensity in the desire for reunification.

Avatar

Published

on

By

The situation across the Taiwan Strait has seemed to be on the brink of crisis since 2018. Beijing has sent numerous sorties of military aircraft to conduct exercises near Taiwan and frequently crossed the median line of the Taiwan Strait.

Loading...
(more…)

Continue Reading

China

Will Biden’s America change course on China and trade?

Avatar

Published

on

US President Joe Biden’s administration must figure out how to pick up the pieces of former president Donald Trump’s controversial trade policy, especially as it relates to China.

Loading...
(more…)

Continue Reading

Latest

Most Viewed

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 13,634 other subscribers

Trending