Transparency International (TI) launched its annual Corruption Perception Index (CPI) recently, and China’s ranking continued to improve, moving up by two places to a rank of 77 from last year’s 79.
The latest 2017 CPI was launched on 21 February 2018. The CPI is the leading global indicator of public sector corruption and offers a snapshot of the relative degree of corruption by ranking countries from all over the globe. It has been used as an important gauge by companies in managing corruption risks when conducting businesses in foreign countries.
A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). A country or territory’s rank indicates its position relative to the other countries and territories in the index.
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Business Law Digest is compiled with the assistance of Baker McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker McKenzie by e-mailing Danian Zhang (Shanghai) at firstname.lastname@example.org