International Trade, Foreign Direct Investment, and International Business Relations with Large Foreign Corporations have Allowed The People's Republic of China to Emerge as an International Economic Superpower
The People's Republic of China (PRC) has a population of over 1.3 billion and is the most populous state in the world. The Communist Party of China governs the People's Republic of China and exercises control over 22 provinces (23 provinces if Taiwan is included), five autonomous regions, four directly controlled municipalities (Beijing, Tianjin, Shanghai, and Chongqing), and two mostly self-governing special administrative regions (SARs), Hong Kong and Macau. Because of this government control of Chinese industries, bribery of Chinese officials, Chinese government bribes, and illegal kickbacks to Chinese customs agents and Chinese regulatory agents are more common.
The capital city of the People's Republic of China (PRC) is Beijing. Since the introduction of market-based economic reforms in 1978, China has become the world's fastest-growing major economy. Since the 1980s, the People's Republic of China has used international trade and foreign investment to emerge as an economic superpower. From 2001 to 2010, China's international trade imports and exports increased from about $500 billion per year to approximately $3 trillion per year. A large part of this rapid expansion can be attributed to foreign direct investment that has surged into China. As of 2012, the People's Republic of China (PRC) has become the world's second-largest economy by both nominal GDP and purchasing power parity (PPP), and is also the world's largest exporter and second-largest importer of goods.
Foreign multinational corporations investing in the People's Republic of China and Chinese multinational corporations investing in other countries can often be held accountable when they violate the Foreign Corrupt Practices Act (FCPA) and other anti-bribery laws. These laws prevent government corruption including illegal payments to customs agents, bribes for construction contracts, illegal kickbacks for regulatory approval, and other illegal business practices. Through the Foreign Corrupt Practices Act (FCPA), whistleblowers are encouraged to step up and confidentially report corruption. Under new whistleblower protections, these Chinese whistleblowers and multinational corporation whistleblowers can confidentially report violations through a Foreign Corrupt Practices Act Lawyer and receive large financial rewards for being the first to properly expose significant government corruption.
If you are aware of illegal international trade practices including violations of the Foreign Corrupt Practice Act (FCPA) by a multinational corporation in China or a Chinese corporation in another country, please feel free to contact Whistleblower Lawyer Jason Coomer via e-mail message or use our submission form
There is a worldwide effort by the international community to crack down on government corruption, illegal kickbacks, and illegal bribes. This effort includes initiatives by the United States to identify and prosecute illegal international bribery schemes of Chinese government officials and other public officials. To identify hard to detect bribery schemes, the United States Securities Exchange Commission is offering large bounties (whistleblower rewards) for persons with specialized knowledge of systematic bribes and complicated bribery schemes. These large economic incentives are designed to encourage import export experts, customs experts, logistics experts, and other persons aware of complicated import and export bribes and government fraud to step up and become a confidential import export bribe whistleblower, customs fraud whistleblower, logistics whistleblower, and other international trade whistleblower.
The United States Bounty Actions are set up under the Foreign Corrupt Practices Act (FCPA). The FCPA applies to “issuers” (U.S. and foreign companies listed on U.S. securities exchanges and their employees); “domestic concerns,” which run the gamut of business entities organized under U.S. laws or with their principal place of business in the United States; the officers, directors, employees, and agents of those U.S. business entities (irrespective of nationality); U.S. citizens; U.S. resident aliens; “any person,” including all foreign persons, who commit an act in furtherance of a foreign bribe while in the United States, and U.S. businesses and nationals acting abroad. A Company must require all of its affiliated companies and all of their employees to comply with the Foreign Corrupt Practices Act.
For information on specific types of China Foreign Corrupt Practices Act Violations and potential Chinese International Bribery Scheme Whistleblower Reward Lawsuits, please go to the following web pages on:
China Import/Export Bribe Whistleblower Lawsuit Information
China Whistleblower Reward Lawyer
Corporations that pay illegal kickbacks and bribes to government officials and former government officials in exchange for contracts including large building projects can be brought to justice and made to pay large penalties under the Foreign Corrupt Practices Act and whistleblowers that bring these corporations to justice may be able to collect large economic rewards under the Securities Exchange Act (SEC Whistleblower Bounty Actions) and the Commodity Exchange Act (CFTC Whisteblower Bounty Actions).
The Illegal Bribe Whistleblower or Illegal Kickback Whistleblower may be entitled to not only the amount of the illegal bribe or kickback, but the benefit of the illegal bribe or kickback. In cases where $100,000.00 bribe is made to obtain a $100 million building project, the Illegal Bribe Whistleblower or Illegal Kickback Whistleblower may be entitled to 10 to 30% of the $100,000,000.00 and the $100,000.00 translating into a $10 million to $30 million award.
As an US Foreign Corrupt Practices Act Violation Lawyer, Jason S. Coomer commonly works with other powerful illegal international business contract bribe and whistleblower lawyers to handle large Chinese Multinational SEC Corporation Lawsuits.
If you are aware of illegal international trade practices including violations of the Foreign Corrupt Practice Act (FCPA) by a multinational corporation in China or a Chinese corporation in another country, please feel free to contact International Business Whistleblower Reward Lawyer Jason Coomer viae-mail message or use our submission form