Corruption in China
China’s ruling Communist Party said Sunday that it punished nearly 300,000 officials for corruption last year. The party’s official watchdog body said that 200,000 of those were given light punishments and 82,000 handed severe penalties, including demotions within the bureaucracy. While many of those caught up in the crackdown are lower-level officials, China’s rulers have also taken steps to make high-profile arrests for corruption, like former security chief Zhou Yongkang and famed TV host Rui Chenggang.
The body is known as the Central Committee for Discipline Inspection rarely explains its methodology or what evidence it considers, and no other details were given in the brief statement posted on its website. President Xi Jinping has pressed a massive nationwide probe of corruption among officials of all ranks, including those in the party, government, military and state-run industries. The results of the probe, however, have left more question than answers. Full Story
China is, at least, doing something while we in the U.S have not yet punished one banker for causing the 2007 financial crisis. Can you imagine even though the documents reveal that all the major banks played a role in creating this crisis, not one banker has gone to Jail; our response is put up or shut up since the U.S has not put up, the media here needs to can it.
Corruption in China in 2019?
Prosecutors in Shanghai on Wednesday formally approved the arrest of Chinese tycoon Wang Zhenhua who was detained last week on suspicion of child sexual abuse, state media reported.
“Based on a police investigation, confessions from the suspects, statements from victims and testimony from witnesses, Wang and Zhou are suspected of committing crimes of sexual molestation against children,” Shanghai police said in a statement.
Zhou is a 49-year-old woman identified earlier as having taken two girls, aged nine and 12, to a five-star hotel in Shanghai, where Wang, the 57-year-old former chairman of Hong Kong-listed property firm Future Land Development, is said to have been waiting. Full Story
Former China minister Chang Wanquan Demoted over a link to a corruption case
General Chang Wanquan, 70, who was also a member of the CMC from 2007 until his retirement in March 2018, was demoted two grades to a deputy regional commander-level officer because of his close relationship with former commission vice-chairmen Guo Boxiong and Xu Caihou, one source close to the People’s Liberation Army (PLA) told the South China Morning Post.
There had not been an official announcement of Chang’s demotion, but military insiders said that the downgrading of his retirement benefits indicated his reduction in military rank. Senior military officials of lieutenant general rank or above were entitled to live in a stand-alone house, insiders said. Full Story
12 years behind bars for the boss of Chinese warship builder CSIC
Shanghai No 1 Intermediate People’s Court sentenced Sun Bo, former general manager of China Shipbuilding Industry Corporation (CSIC), to 12 years in prison for taking bribes and abuse of power, state news agency Xinhua reported.
The court also fined Sun 800,000 yuan (US$116,000) and ordered the confiscation of 8.4 million yuan in bribes and gifts accepted by Sun and his wife. Sun inflicted “extremely heavy losses” on the state but he was given a lenient sentence because he “confessed his crimes and volunteered information about crimes that the prosecutors have not yet discovered, truly repented, and returned the bribes and gifts that he had accepted”, the report said. Full Story
Corruption in China; Is the Situation Improving
China is the 87 least corrupt nation out of 175 countries, according to the 2018 Corruption Perceptions Index reported by Transparency International. Corruption Rank in China averaged 69.46 from 1995 until 2018, reaching an all-time high of 100 in 2014 and a record low of 40 in 1995.
The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. Full Story
Other Articles Of Interest:
Federal Reserve existence based on Fraud (March 30)
Fossil Fuel Era over End of Crude oil (March 25)