The Foreign Corrupt Practices Act and ChinaA video discussion from the Deloitte Forensic Center |
Doing business in China or planning to? Clearly, you are not alone. According to a 2007 report by the Economist Intelligence Unit, China is and will continue to be the top emerging market for foreign direct investment (FDI) through 2011. The U.S. – China Business Council’s “Forecast 2008: Investment in China” reports that FDI in China grew by 13.8 percent in 2007 over 2006, with the United States contributing $2.6 billion, China’s sixth-largest source of FDI.
Although China may offer your business considerable opportunities, including as a market for selling products and as a site for outsourcing, it also presents significant risks. One such risk, off the radar of most companies for more than two decades, is that of violating the Foreign Corrupt Practices Act (FCPA) of 1977.
In “The FCPA and China,” Winter Wright, senior editor, Economist Intelligence Unit, interviews Patrick Norton, a partner at Steptoe & Johnson LLP, Clarence Kwan, a managing partner in Deloitte's Chinese Services Group, and Investing in China
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