China’s Communist Party Mulls New Anti-graft Rules

MarketWatch has more on the highly secretive CCP plenum taking place this week:

An annual gathering of China’s Communist Party taking place this week may produce new government transparency rules and anti- guidelines, party watchers said.

The plenum session of the party’s Central Committee, which brings together 200 top members in closed-door meetings, is expected to discuss such rules against official misuse of power to help quell rising public discontent.

“Tough rules might be passed for the declaration of assets by officials,” said Bank of America Merrill Lynch analysts in a research note. “The integrity of the ruling [Communist Party of China] and the government should be the key for China’s growth in the medium to long term.”

Merrill analysts also said they expect little in the way of substantive fiscal or monetary policy change at this week’s meeting, ahead of the celebrations Oct. 1 to mark the 60th anniversary of the founding of the People’s Republic of China.

September 16, 2009, 1:31 PM
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Categories: Law, Politics