Attacking foreign corruption blunts China’s malign economic influence ...Middle East

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Attacking foreign corruption blunts China’s malign economic influence
China is building its influence throughout the Global South with infrastructure, cheap cash and bribes. With promises of easy financing, splashy new railroads and ports, and opaque deals that hide kickbacks and secret payoffs, China is sidelining American companies in the race for critical resources, partnerships, and contracts. Corruption and opacity are not incidental effects of Chinese engagement but central features. The Foreign Corrupt Practices Act (FCPA) makes it a crime for U.S. companies to bribe foreign officials, so American firms cannot imitate their Chinese rivals without risking steep fines and even jail time.   However, Congress can level the playing field by holding cor

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