Chinese President Xi Jinping’s relatives continue to hold millions of dollars in business ventures and financial investments, suggests a recent US intelligence report. The findings also suggest that despite Xi’s decade-long anti-corruption drive, which has seen the prosecution of millions of officials across all levels of the Chinese Communist Party (CCP) there still remains “endemic”…
China’s top leaders have extended greetings to more than 100 retired Communist Party senior cadres and state leaders ahead of the coming Lunar New Year. President Xi Jinping and other state leaders either visited or deputed others to visit a total of 130 former officials in recent days, according to state news agency Xinhua. Those…
In recent weeks, expectations of China unleashing a major stimulus reached a crescendo as the top brass of China’s major economic ministries and commissions took turns appearing on stage in the State Council’s press conference hall. After an initial larger-than-expected monetary package unveiled in the last week of September, some market players voiced disappointment at…