An Analysis of China’s Anti-Commercial Bribery Legal System and Suggestions for Improvement

Based on the Perspective of Comparative Law

DOI

10.2991/assehr.k.211220.168How to use a DOI?

Keywords

Commercial Bribery; Anti-Unfair Competition; Legal System; Self-discipline Mechanism

Abstract

Commercial bribery is becoming an international issue to tackle with. In order to create a fair and well-developed trade order, international community is committed to unified the standard and regulations of private bribery. As a matter of fact, obvious deficiencies exist in current Chinese regulations on commercial law. Not only did the government neglect the great significance of anti-commercial bribery, but also corporations paid insufficient attention to the side-effect of commercial bribery. The lack of proper governmental regulation and sufficient self-discipline system make it difficult to control the offence. As China engaging more deeply in international economy, it is vital to adopt more international rules, especially in contributing to a healthy market. Based on investigating international rules and foreign practice, the article put forward the idea of enacting a unified Anti-commercial Bribery Administrative Regulation in China. Specifically, it should make specific definition to commercial bribery, which determines the responsible administration and the executive codes to prevent and punish bribery activities. Meanwhile, corporations are encouraged to develop self-discipline system to improve their credits. These results offer a guideline for China to deal with private bribery from different perspectives.

Copyright

© 2021 The Authors. Published by Atlantis Press SARL.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Yuning Lu
AU  - Yumiao Feng
AU  - Shuhan Gao
PY  - 2021
DA  - 2021/12/24
TI  - An Analysis of China’s Anti-Commercial Bribery Legal System and Suggestions for Improvement
BT  - Proceedings of the 2021 4th International Conference on Humanities Education and Social Sciences (ICHESS 2021)
PB  - Atlantis Press
SP  - 980
EP  - 984
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.211220.168
DO  - 10.2991/assehr.k.211220.168
ID  - Lu2021
ER  -