Disney case highlights China supply chain pitfalls
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SHENZHEN, China  - In his dim two-room flat, Huang Renzhong showed a visitor a Mickey Mouse statuette and explained how creating Disney figurines during 15-hour work days in a grim factory led to a $90,000 lawsuit.
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Pharmaceutical ingredients exported from China are often made by companies that are neither certified nor inspected by Chinese drug regulators.
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Earnings woes, an SEC probe, and a scuffle with Disney spell trouble.
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A state-owned Chinese company is at the center of a scandal after nearly 200 Chinese cancer patients were paralyzed or otherwise harmed by contaminated drugs.
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Investing: Taming China's Dragon Market
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It's high season for toymakers, and the scramble is on to make sure the 'Made in China' label doesn't send parents running
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Alcatel-Lucent has agreed to pay $2.5 million in fines to resolve allegations that it provided Chinese government officials with free trips to Disneyland and other tourist attractions.The company has to pay $1 million to resolve U.S. Department of Justice charges that it violated the Foreign Corrupt Practices Act (FCPA) when providing travel and other perks to Chinese government officials, the DOJ said Friday. The company also agreed to pay a $1.5 million civil fine to the U.S. Securities and Exchange Commission.The agreement with the DOJ wraps up a multiyear investigation into whether Lucent, before its November 2006 merger with Alcatel, provided things of value to the Chinese officials and improperly accounted for the expenses.The company cooperated fully with the DOJ and SEC investigations, an Alcatel-Lucent spokeswoman said. The company is &quot;glad to put the matter behind us&quot; and looks forward to successful business dealings in China in the future, she said.From about 2000 to 2003, Lucent spent millions of dollars on more than 300 trips for Chinese government officials that included sightseeing, entertainment and leisure, the DOJ said. The trips were approved by senior Lucent Chinese officials, with the support of Lucent employees in the U.S.Lucent improperly recorded expenses for these trips and failed to implement internal controls to monitor the provision of travel and other things of value to Chinese officials, the DOJ said in a press release.In 2002 and 2003, there were 24 Lucent-sponsored trips for Chinese government customers, and at least 12 trips were primarily for sightseeing, the DOJ said. The people participating in these trips were senior government officials, including the heads of state-owned telecommunications companies in Beijing and the leaders of provincial telecommunications subsidiaries.Between 2000 and 2003, Lucent provided Chinese government officials with trips to the U.S., Europe, Australia and elsewhere that were often characterized as &quot;factory inspections&quot; or &quot;training,&quot; the DOJ said. By 2001, Lucent had outsourced most of its manufacturing and no longer owned factories for its customers to tour. These trips were primarily sightseeing tours to locations such as Disneyland, Universal Studios and the Grand Canyon, and typically lasted 14 days and cost between $25,000 and $55,000 per trip, the DOJ said.Lucent admits to all of this conduct in the agreement announced on Friday. The agreement also requires Lucent to adopt new or modify existing internal controls, policies and procedures. Those internal controls must ensure that Lucent keeps fair and accurate books, the DOJ said. The agency has agreed not to prosecute Lucent if it complies with all of the requirements in the agreement over a two-year term.
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There's a lot of uncertainty surrounding the Chinese cell-phone powerhouse.
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Infamous for pirating everything from watches to software -- and Nike shoes -- China doesn&#39;t usually level copycat charges. But a Beijing court has ordered Nike to pay damages to a Chinese
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China is becoming increasingly alarmed that Microsoft is winning the lion&#39;s share of too many government contracts to supply software.
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China is to make it easier to fight intellectual property right crimes, a move that may ease U.S. concerns over rampant copying of movies, software and other goods that Washington says costs businesses billions of dollars a year.
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HANGZHOU, China -- In spring 2006, an essay appeared on the Internet detailing collusion between the Chinese government's food and drug watchdog agency and a pharmaceutical venture. It accused the country's highest-ranking regulator of accepting a lakeside house and hundreds of thousands of dollars...
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The joint venture has drawn concern that the imports could lead to job losses at Detroit-based manufacturers.
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Disney is struggling at the gate of Hong Kong Disneyland, but that's not something new.
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Public anger in China over a popular  skin-care line has become a public relations headache for  Procter & Gamble , underlining the challenges foreign  firms face as they contend with increasingly discriminating  consumers.
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Turning the tables on the United States amid growing worries over dangerous Chinese products, Beijing said Friday some health supplements, raisins and pistachios imported from the U.S. failed to meet China's safety standards and have been returned or destroyed.
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A U.S. company's apology to China sparks criticism in both places.