Faith can go on its merry way, but get the festive spirit and shop

A view of holiday lighting decorations on trees and installations at an open plaza of a shopping district in Beijing. Photo: EPA

"Merry Christmas and Happy New Year" is probably the most frequently heard greeting these days in offices or on the street in Hong Kong. On the mainland, the story might be a little bit different.

Monday, 23 December, 2013, 8:21am 1 comment

Curbs leave alcohol firms in low spirits

Expensive wines and spirits such as mao-tai, as made by China Kweichow Moutai Distillery, among others, are out of favour. Photo: Bloomberg

Spirits, and prices of spirits, are low for many local and foreign alcoholic beverage companies with operations on the mainland after a challenging year marked by depressed demand as a result of restrictions on lavish spending at official banquets.

11 Dec 2013 - 8:18am

Most fines for bribery don't end up in country where crime took place, report by UN and World Bank says

UBS is among the banks fined for fraud and bribery in a global scandal over the rigging of benchmark interest rates. Photo: Reuters

Penalties in international corruption cases are rarely paid to the country where the crimes took place, the World Bank and United Nations said on Wednesday.

29 Nov 2013 - 4:23am

Beijing's antigraft crackdown forces foreign firms to rethink business practices in China

Illustration: Emilio Rivera

Creating guanxi – relationships or connections – used to be a reliable way for multinational firms to break into the China market. But foreign companies are increasingly having to re-examine the way they do business in the world’s second-largest economy.

2 Dec 2013 - 10:31am 2 comments

People's Daily's imperial graft analogy draws criticism

Wang Qishan

A commentary in the Communist Party mouthpiece People's Daily yesterday that sought to draw inspiration from imperial institutions to tackle present-day corruption raised eyebrows and had many observers questioning prospects for political reform.

31 May 2013 - 6:11am 4 comments

Crackdown on Chinese officials likely to dent Macau casinos

Sands Cotai Central in Macau. Photo: Reuters

It all gets very murky when the lethal cocktail of wealthy mainland gamblers is mixed with Macau casinos and huge debts. In Yang Kun’s case, it seems banking and gambling were a disastrous mix.

22 May 2013 - 1:27am

Social media seen as new weapon in graft-busting in China

Liu Tienan, then head of the National Energy Administration and deputy chairman of China's National Development and Reform Commission. Photo: Reuters

Academics yesterday lauded co-operation between social media users and the nation's graft-busters in cracking down on corruption, as state media and tens of thousands of internet users hailed the toppling of a vice-ministerial-level official as a result of online comments.

14 May 2013 - 7:28am