China, where many companies get tripped up for violating the U.S. Foreign Corrupt Practices Act, has passed an anti-bribery law of its own.
The measure, passed in late February, is an exercise in brevity. While the FCPA weighs in at 16 pages, and the U.K. Bribery Act runs about 17 pages, the Chinese anti-bribery law is a whopping two lines of text.
But don't judge the regulation by word count alone. China's anti-bribery provision, actually an amendment to the People's Republic of China Criminal Law passed in late February, has the potential to be an important piece of legislation with a wide ...