Systemic Corruption in China Grain Reserves Corporation (CGRC) needs to be Monitored
ANBOUND
In recent years, corruption cases related to the China Grain Reserves Corporation (CGRC) have been frequently reported in the news. It is a common practice in the CGRC's system to extract government’s funds through "warehouse deficit", “quality and price mismatch”, “circle grain” and other means. Anbound research team warns that the Chinese government should reconsider the CGRC’s status and monitor the systematic corruption of the company.