How to Do Guilt-Free Business With Beijing

China’s push to develop its economy and improve the standard of living for its billion-plus population has not been without problems, including pollution, corruption, human-rights violations, and cover-ups through media censorship. Hosting the Olympics has invited attention on both economic success and the problems – not just for China but also for the many companies that do business there. Reports emerge about multinational firms adjusting principles to enter the Chinese markets – from media firms participating in censorship to beverage firms emphasizing opposition to genocide. Businesses are defensive, insisting that trade with China contributes to reform. Companies that conduct their business in traditional and fair ways – and avoid getting caught up in any troublesome government initiatives – should encounter few ethical dilemmas, explains Michael Skapinker in an essay for the Financial Times. Skapinker advises individuals and companies to regularly reflect on their actions and relationships, anticipating transparency and the public reactions. – YaleGlobal