Post Tagged with: "CCP"

China: Debt woes multiply as new liquidity crunch strikes

China: Debt woes multiply as new liquidity crunch strikes

Local government debt has soared but Beijing’s attempt to curb runaway credit misfires again Vincent Kolo, chinaworker.info An end-of year scramble for funds by financial institutions drove up interbank lending rates to levels not seen since the June liquidity crisis, threatening turmoil in money markets and triggering the longest fall […]

Zhou Yongkang: Has Xi caught a ‘tiger’?

Zhou Yongkang: Has Xi caught a ‘tiger’?

Politically explosive investigation of former security czar marks a new phase of internal power struggle Vincent Kolo, chinaworker.info According to international media reports, including articles by Reuters and The New York Times, former Politburo Standing Committee member Zhou Yongkang and members of his immediate family and household staff are now […]

China’s anti-corruption campaign leads to fewer prosecutions

China’s anti-corruption campaign leads to fewer prosecutions

Xi Jinping’s pledge to catch ‘tigers’ as well as ‘flies’ fails to live up to the media hype Tommy Zheng, chinaworker.info Statistics just released from the Supreme People’s Procuratorate (SPP), which oversees criminal investigations and prosecutions in China, show that in the first eight months of this year there was […]

China’s Third Plenum: More market, more dictatorship

China’s Third Plenum: More market, more dictatorship

Xi Jinping’s shift from dictatorship-by-committee to new ‘paramount leader’ is a high-risk strategy Editorial statement from chinaworker.info “More market, less freedom, and much more power to Xi Jinping” – this was the verdict of Beijing-based journalist Ola Wong, on the decisions of the recently concluded third plenary meeting of the […]

Family of China’s ex-premier Wen Jiabao in new financial scandal

Family of China’s ex-premier Wen Jiabao in new financial scandal

China’s censors block more overseas websites to limit fallout from “JPMorgan affair” Vincent Kolo, chinaworker.info The family of China’s ex-premier Wen Jiabao is once again the focus of a financial scandal – this time concerning fat payouts from a Wall Street bank in return for business deals in China. The […]