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Now there's been some heated online debate here following the news that a U.S. telecommunications company has been fined for paying millions of dollars in bribes to Chinese officials. UTStarcom, a maker of telecommunications equipment, has agreed to pay $3 million in fines to settle civil and criminal charges with federal regulators.
The Securities and Exchange Commission said the company's China subsidiary paid nearly $7 million between 2002 and 2007 for 225 overseas trips by employees of its customers. The trips were purportedly for training, but regulators say many of them were to tourist destinations, like Las Vegas and Hawaii.
The Commission also accused the company of spending more than $4 million on expense-paid programs for Chinese government customers at U.S. universities. The case of UTStarcom has not gone unnoticed here in China.
In today's Blog of the Day we look at a post by newspaper columnist Sheng Dalin who has written a blog about this on the popular news portal Ifeng.com.
Now as Kelda mentioned in her report from reportedly not existing in the 1960s prostitution in China has grown to the point where evidence can be seen in most towns and cities across the country.
So just what do Chinese people think of this massive change in social culture? And does it affect them? Well we went out on the streets and asked them. Here’s what they had to say…