Metro China, a division of the German trading giant, Metro AG, claims to have lost millions of yuan each year in the mainland because purchasing agents have shied away from the chain store because of its ‘traditional way of doing business’, South China Morning Post said. Metro China public relations manager, Huang Zhongjie, estimated that the firm’s four Shanghai chain stores lost at least Yn30m in sales a year just because government and company purchasing agents had switched large orders to firms where they could continue their illegal practices of asking for kickbacks and falsified receipts.
Metro’s sophisticated inventory system and machine-generated receipts makes falsification difficult and the company has no intention of bending the rules. Instead, Metro hopes the government will strengthen the law and introduce a more transparent billing system so that businesses can compete on an equal footing.
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