DESPITE TOUGH-SOUNDING OFFICIAL LINE CORRUPTION CONTINUES TO THRIVE IN CHINA
November 1st, 2011
BY MARK GODFREY
THE iPhone 4 and pricey bottles of Bordeaux appear to have become unlikely but essential business tools to crack the China market. "We have staff flying to Hong Kong to get them as soon as they hit the Apple Stores there," explains a European dealmaker who links state-owned Chinese energy firms with Western suppliers of turbines and high-tech tooling machines for the energy sector. At Chinese Yuan Renminbi CNY6,000-a-pop (USD946), the Apple smartphone is "an expensive but indispensable gift to ensure your calls are returned", ...
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