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Corruption is still seen as just a part of business here in China. Every level of employee that can do it, often will.
Sorta light on details. Says as a result, 2018 will have $150M in losses, but does not detail the extent of the corruption. I'm not sure if they were going to lose $149M but had $1M in corruption, or if they were going to make a billion dollars, but had $1,150M in corruption, or what.
What do they mean by corruption? Bribery, embezzlement or some sort of cronyism through connections?