Understanding China, One Blog at a Time

An American in China

China White Washing Her Companies of all The Communists

Posted by w_thames_the_d on March 5, 2011

excerpt from The Party: The Secret World of China’s Communist Rulers (Richard Mcgregor)
“…..board roles, but the Party’s myriad functions, especially control over top personnel, have been airbrushed out altogether. ‘The Party is very much present in these companies but the government is savvy enough to keep it in the background,’ said a Beijing-based western lawyer who has advised on offshore listings of big Chinese companies. ‘There is a tacit understanding among western intermediaries to play down the Party’s role because people understand that it is not going to sell well in the west.’

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