Chinese president Xi Jinping has unleashed one of the most sweeping corruption crackdowns in modern Chinese history since coming to power in 2012. (EPA Images pic) BEIJING: Top Chinese lawmakers this week began their first review of a draft cross-border anti-corruption law aimed at beefing up the country’s legal toolbox to pursue, repatriate and convict…
The 1989 crackdown saw the Chinese Communist Party deploy troops against peaceful demonstrators in Tiananmen Square. (Wiki pic) WASHINGTON: Beijing’s censorship cannot erase memories of its 1989 military assault on peaceful demonstrators in Tiananmen Square, US secretary of state Marco Rubio said on Wednesday, ahead of the anniversary of China’s violent suppression there. Rubio’s statement…
Police in eastern China’s Zhejiang province have detained Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, as authorities investigate alleged mismanagement following defaults on multibillion-yuan wealth products issued by a firm under his control. It is the latest crackdown on mainland China’s shadow banking system, continuing years of government efforts to clean up…