China economic crime under global average: PwC

A Pricewaterhouse Coopers (PwC) survey showed that 27 percent of respondents from the Chinese mainland reported suffering economic crime during the last 24 months.

The 2014 PwC Global Economic Crime Survey, released earlier this week by the auditor's Beijing office, said the proportions in Asia Pacific and the whole world were 32 percent and 37 percent, respectively.

The survey showed that 48 percent of the Chinese mainland respondents who suffered economic crime reported that procurement fraud was one of the most commonly encountered crimes.

The survey also noted that bribery and corruption remains a persistent risk in the Chinese mainland, with 39 percent of the respondents having experienced it.

"This is consistent with mainland and global authorities' concerted and ongoing anti-corruption drive, and we have already seen China government's increasing efforts to address this," said the survey.

PwC interviewed more than 5,000 executives from 95 countries and regions worldwide, and 55 percent of the respondents from the Chinese mainland represented listed companies.