Fri, September 28, 2012
Business > Industries

12 Chinese firms included in the World Bank blacklist

2012-09-28 01:25:43 GMT2012-09-28 09:25:43(Beijing Time)

12 Chinese companies blacklisted by the World Bank. (Photo/Agencies)

Speaking on the forum of yesterday's “ Conflict management and Compliance operation", Wang Zhile, the research analyst of study center in the Ministry of Commerce, disclosed that 12 Chinese enterprises were involved in the World Bank blacklist, including China State Construction, Alston's Chinese presence, and so on.

The report from New-century Academy on Transnational Corporations revealed that the World Bank has released a blacklist including enterprises suspicious of fraud and bribery which are prohibited in a certain period of time undertake the projects funded by the World Bank.

Since April this year, US listed China stocks had been seen in the trouble of class actions and increasing credit crisis.

Wan Zhile indicated that to publish report on the corporate regulation and meassures against corroption is helpful for suppliers and customers to understand relative situations , by which could boost the corporate's cooperation with outsiders. Meantime, the launced statement will help public to understand the policy and dedication company adopted to fight against curruption and corporate violence, a move to upgrade confidence on such companies.



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