China: May 27, 2004

Archives

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.

X

ad

Help Keep StrategyPage Open

First came Facebook, then came Twitter, and finally, AI has arrived. They have all caused a decline in our business, but AI may be the deadliest innovation. We are currently in survival mode. Our writers and staff receive no payment in some months, and even when they do, it is below the minimum wage for their efforts. You can support us with your donations or subscriptions. Please help us keep our doors open.

Make sure you spread the word about us. Two ways to do that are to like us on Facebook and follow us on X.

Subscribe   Donate   Close