Abstract
China is constantly plagued by fraud scandals. Anyone, whether only doing business with Chinese companies, managing a subsidiary, seeking investment opportunities or conducting merger and acquisition possibilities needs to be aware of China’s high fraud risks. The strong focus on family well-being, the urge to gain status through accumulation of wealth quickly (→ Social Concepts: ), weak controls and a generally relaxed attitude to fraud seem to drive such actions. Not surprisingly, Chinese pay great attention to building trust in business relationships and checking the partner’s credibility thoroughly.
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Randau, H.R., Medinskaya, O. (2015). Be Aware: Fraud Risks. In: China Business 2.0. Management for Professionals. Springer, Cham. https://doi.org/10.1007/978-3-319-07677-5_22
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DOI: https://doi.org/10.1007/978-3-319-07677-5_22
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