15 h. ago Scam, corruption cases spark Chinese debate about future of virtual money

Scam, corruption cases spark Chinese debate about future of virtual money  South China Morning Post

Politics

36 h. ago Why is China’s Xi Jinping putting the political heat back on illegal villas and resorts?

Chinese President Xi Jinping has refocused national anti-corruption efforts on illegal villas and “private resorts”, luxury developments that have come to symbolise excess and graft over the past two decades. According to newly released excerpts of a speech, Xi singled out the developments for special mention at the central urban work conference in July, highlighting them as examples of the need to improve governance, combat corruption and promote sustainable urban development. “[Officials must]...

Politics

58 h. ago How Chinese corruption busters are tracking down bribes paid in cryptocurrency

Beijing has revealed how its graft busters are investigating bribes paid in hard-to-trace cryptocurrencies by tracking the ways in which corrupt officials have been spending the proceeds. A documentary shown on state broadcaster CCTV on Wednesday highlighted the case of Yao Qian, the former director of the digital currency institute at the People’s Bank of China. Investigators became suspicious when Yao bought a villa in Beijing for more than 20 million yuan (around US$2.9 million) under the...

Politics

9 d. ago How China’s history links military strength to fighting corruption

For China’s leadership, the most urgent lesson of modern military power comes not from a foreign manual but from its own history books. Its catastrophic defeat by Japan in 1895, born of internal corruption, forms the invisible backdrop to every Chinese showcase of modern hardware. The recent live-fire drill around Taiwan code-named Justice Mission 2025 – a forceful display of Beijing’s resolve to achieve reunification and deter any challenge to its core interests – was no exception. To Beijing,...

Events

3 w. ago Top PLA Air Force duo miss key military event led by Xi as corruption fight rolls on

Two top PLA Air Force officers have become the latest military brass to miss a key political event, as the anti-corruption campaign in the Chinese military continues unabated. Footage broadcast by state television CCTV indicated that General Chang Dingqiu and Guo Puxiao, Air Force commander and political commissar, respectively, were not present at a ceremony on Monday to fill top-level vacancies caused by the sweeping crackdown. The event in Beijing was led by President Xi Jinping, who is also...

Events

4 w. ago Chinese military tightens review of equipment and weapons pricing to fight corruption

The Chinese military is pushing for stricter rules on equipment purchases, including its pricing system, to stem corruption. According to a set of “professional ethics” released on Friday, the Central Military Commission’s (CMC) Equipment Development Department should foster “professional values in the new era”, with quality the top priority in equipment procurement. The department should serve the People’s Liberation Army with “integrity and clean practice”, the official PLA Daily quoted the...

Events