From Financial Times: Economists struggling for a fix on the trajectory of China’s economy this year have focused on traditional drivers of growth, such as exports, investment and even consumer spending. But most have ignored what may be the key propellant pushing output higher – top-level politics, in the form of the impending Communist party […]
From Asia Times: In China, what promises to be a year rich in rumor has begun with a whopper: Vice President Zeng Qinghong will take over the presidency, one of three top posts currently held by Hu Jintao, the country’s No...
From The Washington Post: The Chinese government last week announced the disgrace of another senior Communist Party official accused of corruption. Du Shicheng, it said, was stripped of his posts as deputy party secretary of Shandong province and party secretary of Qingdao city because of a “serious discipline violation.” Nothing was said about what misdeeds […]
From Reuters via Guardian Unlimited: The Chinese government has sacked a senior Communist Party boss from the booming northern coastal province of Shandong for “serious discipline violation”, the official Xinhua news agency said on Sunday. Du Shicheng was Party chief for Qingdao city, a magnet for South Korean and Japanese investment and the venue for […]
From Financial Times: So rare are top-level political excisions in China these days that Chen Liangyu’s fall from power in late September caught many by surprise. The Shanghai communist party secretary and Politburo member was detained by anti-corruption investigators on a Sunday morning, only hours after presiding over a ceremony the night before for China’s […]
From Reuters: Chinese President Hu Jintao appealed on Sunday to 70 million members of his ruling Communist Party to show solidarity, almost a month after ousting a political ally of predecessor Jiang Zemin. Hu made the call on Sunday in his first joint public appearance with Jiang since the September 24 dismissal of Chen Liangyu […]
From Reuters: Chinese authorities have made their first known arrest in a corruption scandal involving Shanghai’s social security funds, detaining one of the country’s richest men. Zhang Rongkun(º†Ëç£Âù§), chairman of Fuxi Investment Holding Co., has been arrested, the private investment firm said in a one-sentence statement obtained on Saturday. Company spokesmen could not be reached […]
The Chinese Communist Party ended its sixth plenary session meeting on Wednesday in Beijing without mentioning Chen Liangyu and the Shanghai pension fund scandal that brought him down. This is surprising as before the meeting, it was widely expected that Hu Jintao would announce the sentence on Chen. The meeting also shied away from announcing […]
The 6th Plenary Session of 16th CPC Central Committee Conference will be held on Oct 8 in Beijing. The conference will release the investigation report on Chen Liangyu, former CPC Shanghai chief who was sacked for economic scandals, said Taiwan newspaper United Daily (ËÅîÂêàÊä•). The meeting will also decide Chen’s sentence. The meeting will determine […]
More than 300 hundred investigators from the Discipline Inspection Central Committee have been stationed in Beijing, ready to launch a full investigation into the possible corruption of Beijing officials, Hong Kong magazine Ya Zhou Zhou Kan reported. The magazine said the investigation is one of a series of anti-corruption campaigns Hu Jingtao kicked off to […]
From the New York Times: When Shanghai’s party boss was detained in an anticorruption probe last week, Chinese were rattled by news of the first purge of a high-ranking Communist Party leader since 1995. But the investigation’s scope and its ultimate goals are wider, as the party’s two most powerful officials aim to shake up […]
Not every one is happy during the National Day holiday. A special team from the Central government is scrutinizing more than 10 Shanghai property developers that might be implicated in the pension fund scandal, Chinese newspaper 21st Century Business Herald reported. Most developers under investigation are among Shanghai’s top 50 real estate companies. Three state-owned […]
Director of the General Office of the CPC Shanghai Committee Sun Luyi(Â≠ôË∑؉∏Ä) is under investigation on serious discipline violations. This was just another aftershock since Chen Liangyu(ÈôàËâØÂÆá), former chief of CPC Shanghai Committee, was disciplined this Monday. The whole city is in turmoil as the corruption probe deepens. Here is a list of officials and […]
From Financial Times: The Shanghai government was in turmoil on Tuesday as a corruption probe that prompted the dramatic sacking of the city’s leading official on Monday appeared to deepen. To prevent any suspects leaving the country, senior Shanghai officials were ordered to hand in their passports while an investigation into corruption at the city’s […]
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