BEIJING (Reuters) – Sometime in the last year, a group of mid-ranked government officials gathered for a dinner in a private room in a Beijing restaurant, all slightly nervous, but keen with anticipation.
The guest of honor – a Buddhist master who would predict their fortunes.
The master looked around the room and into the eyes of each of the dozen or so attendees, according to one of those present, who spoke on condition of anonymity as officials and Communist Party members are not supposed to believe in “superstition”.
BEIJING, July 8 (Reuters) – China’s wild stock market rout
is a challenge not a crisis, say people close to
the country’s leadership.
But at the sharp end, among the millions of often retired,
small retail investors who account for around 85 percent of
market trading, the mood is less sanguine.
BEIJING (Reuters) – Two former senior Chinese officials subject to graft probes are sick and may not be able to stand trial, sources with ties to the leadership said, possibly sparing the Communist Party the embarrassment of having more of its secrets exposed in public.
Since assuming power in late 2012, President Xi Jinping, who doubles as party and military chief, has pursued a relentless campaign against deep-rooted corruption, vowing to go after powerful “tigers” as well as lowly “flies”.
BEIJING (Reuters) – China sentenced its powerful former domestic security chief Zhou Yongkang to life in jail on Thursday, after he was found guilty at a secret trial of bribery, leaking state secrets and abuse of power, in China’s most sensational graft scandal in 70 years.
Zhou, who was formally charged in April, was tried in the northern city of Tianjin on May 22, admitted his guilt and decided not to appeal against the verdict, state media said.
By Benjamin Kang Lim and Matthew Miller
BEIJING(Reuters) – China’s top two trainmakers have been in discussions with Bombardier Inc (BBDb.TO: Quote, Profile, Research, Stock Buzz) about possibly buying a controlling stake in the Canadian company’s railway unit, two sources with direct knowledge of the matter said.
China CNR Corp Ltd (601299.SS: Quote, Profile, Research, Stock Buzz) and state-owned CSR Corp Ltd (601766.SS: Quote, Profile, Research, Stock Buzz), now in the process of merging to create the world’s biggest railway company, are exploring a stake purchase of the Bombardier unit, complementing China’s plan to sell its high-speed rail technology abroad, the sources said.
* CNR, CSR have been in contact with Bombardier – sources
* China seeking foreign access for its high-speed
* Bid may face political opposition in Canada as elections
By Benjamin Kang Lim and Matthew Miller
BEIJING, April 29(Reuters) – China’s top two trainmakers
have been in discussions with Bombardier Inc about
possibly buying a controlling stake in the Canadian company’s
railway unit, two sources with direct knowledge of the matter
China CNR Corp Ltd and state-owned CSR Corp Ltd
, now in the process of merging to create the world’s
biggest railway company, are exploring a stake purchase of the
Bombardier unit, complementing China’s plan to sell its
high-speed rail technology abroad, the sources said.
BEIJING (Reuters) – China has charged former domestic security chief Zhou Yongkang with leaking state secrets because he warned political ally Bo Xilai in 2012 that Bo was about to be ousted, a crime that can be punishable by death, sources told Reuters.
Although prosecutors charged Zhou on April 3 with intentional disclosure of state secrets, the link to Bo has not previously been made public. Bo, a charismatic politician and one-time rising star within the ruling Communist Party, was jailed for corruption and abuse of power in 2013.
BEIJING (Reuters) – The chairman of one of China’s top state-owned automakers, FAW Group Corp, and a senior provincial official are being investigated for “violating party discipline”, the Communist Party said on Sunday, employing its usual euphemism for corruption.
After taking over as party and military chief in late 2012, President Xi Jinping declared war on corruption at all levels in China, vowing to go after powerful “tigers” and lowly “flies”. Scores of senior officials have been brought down by the campaign, including former security tzar Zhou Yongkang.
BEIJING (Reuters) – China is investigating a second former top military officer on suspicion of corruption, two independent sources told Reuters, as President Xi Jinping widens his campaign against deep-rooted graft in the country.
Guo Boxiong, 72, was a vice chairman of the powerful Central Military Commission until he stepped down in 2012. Another former vice chairman, Xu Caihou, was put under investigation last year for corruption.
BEIJING (Reuters) – Chinese troops are rehearsing for a major parade in September where the People’s Liberation Army (PLA) is expected to unveil new homegrown weapons in the first of a series of public displays of military might planned during President Xi Jinping’s tenure, sources said.
China will hold up to four PLA parades in the coming years in the face of what Beijing sees as a more assertive Japan under Prime Minister Shinzo Abe, who wants to ease the fetters imposed on Tokyo’s defense policy by a post-war, pacifist constitution.