Chinese market by Greg Walters/Flickr.
The Chinese Government is struggling to prevent crimes against businesses, according to a new study from The Australian National University. The study, co-authored by Professor Roderic Broadhurst in the ANU College of Asia and the Pacific, surveyed more than 5,100 businesses in Shanghai, Hong Kong, Shenzen and Xi'an. It is the first large-scale survey of business victimisation in the four Chinese cities. Professor Broadhurst said the snapshot showed that the level of crime reported by Chinese businesses was lower than other emerging economies such as Brazil, Russia, Nigeria and India, and considerably lower than Western and Eastern Europe. "However, incidents of bribery and extortion were more frequent in China than in Western Europe and Australia, but less frequent than in Eastern Europe," Professor Broadhurst said. "More than one-quarter of businesses reported at least one incident of crime over the past year. This represents an estimated annual loss of between US$4.9 and 5.6 billion for the four cities.
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