Beside the current issues relate to CSR,
I would like to introduce the compromise situation in China.
And I'll start by introducing the UN 10 principles in terms of several aspects.
A full version of the ten principles can be found from the United Nations Global Compact.
This site address can be found in the reading list.
The first perspective is human rights.
According to the Chinese government,
existing policies and enforcement measures are
largely sufficient to guard against human rights abuses,
though some foreign governments might not agree.
The second perspective is for labor.
China has abundant cheap labor but
the labor cost has been increasing sharply, these years.
In fact in some age,
the labor contract law of the People's Republic of China permits collective bargaining.
The third perspective is the environment.
As we know, facing a severe environmental issues and large scale pollution,
China has chosen to implement the sustainable development strategy to fix the problems.
The false perspective is anti corruption.
China has been fighting corruption especially after
President Xi Jinping took power from 2013.
As of 2016, the campaign has netted over one hundred twenty high ranking officials.
All of the above perspectives and the principles with regard to
compliance have important implications for foreign firms.
On one hand, China has made progress in these compliance issues,
which might increase the cost of doing business in China.
On the other hand, such measures might lead to a better business environment,
for foreign firms in the long term.