As Chinese companies start to invest in various developing countries across the globe, they are also getting entangled in local politics. From International Herald Tribune:
China’s leading telecommunications company warned Friday that a brewing corruption scandal linking it to an allegedly overpriced deal and kickbacks in the Philippines could affect economic cooperation between the two countries.
ZTE Corp. issued a statement denying allegations by witnesses testifying in a Philippine Senate anti-corruption hearing that a former elections chief and President Gloria Macapagal Arroyo’s husband were promised huge commissions to clear a national broadband contract with the Chinese company.
