economic crime

Chengyu For Xi Jinping’s New Era (Part 1)

Xi Jinping’s New Era has inspired the creation of a host of “new chengyu”: idiomatic, often four-character, literary expressions that are the kernel of a larger tale. The following New Era chengyu are all references to infamous...

Chinese Billionaire Linked to Bo Xilai Detained

Xu Ming, founder and chairman of the Dalian Shide Group and one of China’s richest people, has been detained. Xu has been linked to Bo Xilai, the recently dismissed former party chief of Chongqing and former Dalian mayor....

Official: 580 Chinese Fugitives in Other Countries

After discovering that more than $3 billion in public funds has been misappropriated to unauthorized departments, the Chinese government has also announced that 580 individuals suspected of economic crimes have fled the country...

China Executes 2 for Defrauding Investors

AP reports on the execution of two business people who defrauded investors out of more than $127 million: China’s highest court said the fraud had “seriously damaged the country’s financial regulatory order and...

Five Jailed In China For Running Underground “Bank”

From Reuters: China has jailed five people for their part in running an illegal currency exchange business that handled billions of yuan in swaps between Hong Kong and the country’s south, state media reported Saturday....

China Arrests 370,000 Economic Crime Suspects in 7 Years – xinhua

From xinhua via People’s Daily: China’s police authorities disposed more than 400,000 economic crimes over the past seven years, arresting about 370,000 criminal suspects and recovering 100 billion yuan. The figures were released at an ongoing national symposium on economic crime. Zheng Shaodong, assistant Minister of Public Security, said at the symposium that world economic […]

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