OECD Investment Policy Reviews: China 2008

Encouraging Responsible Business Conduct

image of OECD Investment Policy Reviews: China 2008

This Investment Policy Review of China 2008 reviews Chinese government efforts to encourage responsible business conduct against the backdrop of recent regulatory changes and China's increasing outward investment. It assesses the extent to which China's legal and regulatory framework for investment has been improved since the 2006 Review, including new cross-border mergers and acquisitions regulations, the Enterprise Income Tax Law, the Property Rights Law, the Anti-Monopoly Law and the latest revision of the Catalogue for Guiding Foreign Investment Industries. It also evaluates recent improvements in China's FDI statistics.

The 2008 Review provides a unique account of the motivations for and development of China's outward direct investment in recent years in light of government policy encouraging companies to "go global", focusing in particular on Chinese investment in Africa. It provides the first detailed and comprehensive analysis of the government's efforts to encourage responsible business conduct by enterprises in China and by Chinese enterprises operating abroad, highlighting in particular efforts to strengthen environmental protection and respect for core labour standards by enterprises. The Review concludes with an evaluation of enterprises' environmental conduct in China.



Environmentally Responsible Corporate Conduct in China

Economic growth and industrialisation in China, characterised by heavy reliance on coal as the main energy source and rapid urbanisation, have been accompanied by negative impacts on the environment which have been increasingly visible in recent years. This has raised environmental awareness and concerns among political leaders, government officials and the public in China. This chapter outlines the challenges faced by the Chinese government in encouraging environmentally responsible conduct on the part of Chinese enterprises and possible policy options to address these challenges. 


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