Political, Legal And Regulatory Environment Of China

1194 Words Oct 13th, 2015 5 Pages
Political, Legal and Regulatory Environment of China
The People’s Republic of China is a single-party state that is governed by the
Communist Party of China (Walton). The President of China is Xi Jinping and he also the General Secretary of the Communist Party of China and the Chairman of the Central Military Commission, which makes him China’s paramount leader (Moore and Phillips). The Premier of China is Li Keqiang, which is a role similar to the Prime Minister in England. The government in China is stable, despite the increasing power distance between the wealthy and poor. In the midst of this power struggle and protests by few citizens, a survey by Tony Saich at Harvard 's Kennedy School of Government shows that between 80% and 95% of Chinese people were either relatively or extremely satisfied with central government (Jacques).

Intellectual Property Rights are a major issue in China due to piracy and counterfeiting. According to one copyright industry association, the piracy rate remains one of the highest in the world (over 90 percent) and U.S. companies lose over one billion dollars in legitimate business each year to piracy (U.S. Department of Commerce). To combat the piracy and counterfeiting, China has passed an amendment to their criminal law that makes it illegal to bribe non-Chinese government officials. This was created to mirror the United States Foreign Corrupt Practices Act and make it easier for international companies to compete for business in China.…
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