Status of the Development of Corporate Social Responsibility in China and Suggested Countermeasures for Improvement

There is a growing recognition that firms that practice Corporate Social Responsibility (hereinafter referred to as CSR) actively perform better both socially and economically than those that are inactive. In China, CSR has drawn increasing attention in recent years. Despite the progress which has been achieved, CSR in China is still in its infancy. This paper traces the emergence and evolution of the concept of CSR and points out the CSR progress that China has achieved and the problems that China is facing now. It is suggested that joint efforts should be made by the government, corporations, media, and NGOs to form a mature CSR system with Chinese characteristics.