Rio Arrests Tip Of New Anti-Corruption Crackdown?

Knives are being sharpened. China Daily is suggesting that Rio Tinto has been engaged in widespread bribery in the steel industry, with the natural resources company bribing executives from all 16 steel mills involved in the iron ore price talks. Five Chinese steel executives are now said to be under investigation. Is this the early stage of a new campaign to crack down on corruption in Chinese industry-especialy those sectors in which there has been a lot of foreign direct investment?

1 Comment

Filed under China-Australia, Economy, Politics & Society

One response to “Rio Arrests Tip Of New Anti-Corruption Crackdown?

  1. johnsmith9876

    I am quite sure there is bribery involve. You just can’t do business in China without it. It’s like air.

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