China: May 27, 2004


An French investigation of the 1991 sale of six warships to Taiwan in 1991 has revealed that millions of dollars in bribes was paid to officials in Taiwan, China and France to insure that the sale went through. The six frigates cost $467 million each, and the bribes were considered a "business expense" to get Chinese officials to mute their objections to the sale. Taiwanese officials were bribed to make sure the French company got the contract and French officials were bribed to insure they did not veto the contract because of fears of  retaliation from China. Since the early 1990s, China has cracked down on this kind of corruption, executing several of the officials involved in this sort of thing. Little has changed in Taiwan or France.




Help Keep Us From Drying Up

We need your help! Our subscription base has slowly been dwindling.

Each month we count on your contributions. You can support us in the following ways:

  1. Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on Twitter.
  2. Subscribe to our daily newsletter. We’ll send the news to your email box, and you don’t have to come to the site unless you want to read columns or see photos.
  3. You can contribute to the health of StrategyPage.
Subscribe   Contribute   Close