Corruption in Asia only getting worse: EY survey


May 24 2017

Just as China embarks on a massive Silk Road development funding initiative, a survey of business practices suggests corruption in Asia is only getting worse, adding potential potholes to new deals.

Despite anti-graft initiatives under way from China to India, the survey by EY—formerly known as Ernst & Young—found that “ethical standards are not improving.” Some 63% of respondents said that bribery or corrupt practices “happen widely” in their country, up from 60% in 2015. And 35% cited bribery as “common practice” to win contracts in their industry or sector, up from 31% in the 2015 survey.