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Corruption in China

  • Written by Jessica

Recently an article came out on BBC regarding corruption in China. I find it interesting as well as a bit perplexing that people (both foreigners and Chinese) tend to think China has indeed got a much higher rate of corruption among government officials. I generally agree that corruption is a serious problem facing China and threatening its development, yet I think there is a myth. We have corruption in America too, just sometimes it is known as "lobby". Actually, corruption is ubiquitous in every country. Why? It is because governments' regulations artificially create barriers to entry and the scarcity  bids up the price for "license". Certainly America is no paradise, and a woman I know from SBA is dealing with our entrepreneurs' "lobbying" all the time, but that does not make America hell either. And so is China.

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