Chapter Seven: Western Companies Collaborate with Evil Regime (Part I)
Section 1: Western Corporations Seek Profits in China. 1Section 2: Western Media Companies. 1Section 1: Western Corporations Seek Profits in China
During the 1980s when Deng Xiaoping was opening up China to the world, the corporate West was very leery of the potential of investing in this little-known market. There were many unanswered questions. Would China be good for investment? How were labor relations? Was the society stable enough? Of course, there were differences in ideologies between communist China and the West, and concerns over the Chinese Communist Party’s human rights practices. Hong Kong, Macau, and Southeast Asia—with companies headed mostly by ethnic Chinese—took the lead. After seeing them making a fortune, western companies were eager to jump on the China bandwagon. Corporate ethics and social responsibility took a backseat to the prospect of making a lot of money.