The dilemma

From Washington Post: (H/T Norman Spector)

American business leaders often describe their China operations idealistically, suggesting that their presence here will compel Chinese competitors to adopt more ethical business practices. But in one key regard, the dynamic operates in reverse, with U.S. companies adopting Chinese-style tactics to secure sales, as they compete in a market in which Communist Party officials routinely control businesses, and purchasing agents consider kickbacks part of their salary.

Managers of U.S. companies say they are caught in a dilemma: They are answerable to shareholders on Wall Street and home offices that demand a piece of an increasingly lucrative Chinese market. Yet they are also held to account at home by the Department of Justice and the SEC.

So, what can American expatriates do in this culture of corruption that is rampant in every corner of Chinese business?

Not much, apparently. And the situation is pathetic, for both sides.

Update: Here is a report in Chinese. It mentioned other well-known companies in this kind of delimma: Citi Group, Wal-Mart, Roche, P&G, etc.