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China set for tougher commercial-bribery laws under proposed amendment

By Toh Han Shih ( November 2, 2017, 09:27 GMT | Insight) -- Companies in China will find it harder and costlier to use bribery to gain unfair advantages over competitors under proposed changes to competition law. According to draft amendments to China’s 1993 Anti-Unfair Competition Law, which are in the final stages of being passed, companies or businessmen that give bribes to gain an unfair competitive edge will now be deemed to have committed commercial bribery.Companies in China will find it harder and costlier to use bribery to gain unfair advantages over competitors under proposed changes to competition law....

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