A full transition to a rules-based society will help Beijing restore the confidence of businesses and citizens in its ability to weather the economic storm. To root out corruption, China must put its faith in institutions with accountability, not endless anti-corruption campaigns.
Jiang Ping was known as the ‘conscience’ of the profession and for his advocacy for the rule of law. He played a role in drafting key legislation including corporate, trust, contract and property laws.
After three years, foreign managers are now returning to China – only to find that their businesses are no longer run according to the founding principles and practices.
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