Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

FCPA Blog Daily News

« Shareholder advocate wants new Siemens chairman | Main | 'When the cup of endurance runs over' »

Cleaning up China's FDI-rich Chongqing

Chongqing by night (Photo courtesy of Wikipedia)In 2011, the western municipality of Chongqing attracted nearly $11 billion in inward foreign direct investment (FDI), better than Beijing’s FDI total for the same year.

The Economist Intelligence Unit predicts that in 2014, Chongqing will overtake Tianjin and Shanghai to become China’s fourth-largest overseas-investment draw.

This bustling municipality of 29 million people is still grappling with the legacy of its former Party chief Bo Xilai, who has come to symbolize corruption at the highest level of officialdom.

Party leaders are acting swiftly to undo the effects of the Bo scandal, whose sensational details involving murder and sex made headlines around the world.

In November 2012, authorities acted with unusual (for China) speed when a sex video appeared online showing Lei Zhengfu, a district-level Party chief in Chongqing, with an 18-year-old mistress reportedly procured for Lei in a bribery-and-blackmail scheme.

Just a week after the release of the footage, Lei was sacked and placed under investigation.

Reportedly, the Party has restored to its good graces approximately 900 police officers who were disciplined under the Bo regime.


This post is part of an ongoing China Compliance Digest investigation into current anti-corruption compliance risk factors.

For a limited time, subscribers to China Compliance Digest will receive the China Anti-Corruption Handbook (normally $750) and FCPA Blog membership (normally $495) at no extra charge.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
All HTML will be escaped. Hyperlinks will be created for URLs automatically.