China Specialist Correspondent
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May 23, 2014

The power struggle behind China’s corruption crackdown

BEIJING/HONG KONG, May 23 (Reuters) – Liu Han seemed to
thrive in the company of officials.

Even a birthday party in 2011 for Liu’s primary-school aged
son drew a crowd of bureaucrats in Chengdu, the capital of
China’s western Sichuan province where the flamboyant mining
tycoon was based. “There was a mayor of a nearby city with a
population of three or four million,” recalls Australian
political lobbyist John Halden who helped win approval for Liu’s
mining investments in Western Australia and was invited to the
October 15 celebration. “There were senior people from the
provincial treasury and about seven or eight officials from the
city of Chengdu.”

May 23, 2014

Special report: The power struggle behind China’s corruption crackdown

BEIJING/HONG KONG (Reuters) – Liu Han seemed to thrive in the company of officials.

Even a birthday party in 2011 for Liu’s primary-school aged son drew a crowd of bureaucrats in Chengdu, the capital of China’s western Sichuan province where the flamboyant mining tycoon was based. “There was a mayor of a nearby city with a population of three or four million,” recalls Australian political lobbyist John Halden who helped win approval for Liu’s mining investments in Western Australia and was invited to the October 15 celebration. “There were senior people from the provincial treasury and about seven or eight officials from the city of Chengdu.”

May 11, 2014

Chinese elite push for release of jailed Nobel laureate

BEIJING, May 11 (Reuters) – A group of “princelings”,
children of China’s political elite, has quietly urged the
Communist Party leadership to release jailed Nobel laureate Liu
Xiaobo on parole to improve the country’s international image,
two sources said.

Liu’s release is not high on the agenda of the party, which
is trying to push through painful economic, judicial and
military reforms amid the most extensive crackdown on corruption
in over six decades, the sources with ties to the leadership
said, requesting anonymity.

May 9, 2014

China audits State Grid as corruption crackdown seen widening

BEIJING (Reuters) – China is auditing the State Grid Corp of China, the utility said in the wake of a magazine report that one of the most senior executives in the world’s largest utility was under investigation.

Caixin, a well-respected Chinese business magazine, reported this week that Zhu Changlin, head of the State Grid’s North China operations, is under investigation, leading industry and government sources to believe State Grid could be next in line in the government’s campaign against graft.

Apr 20, 2014

China firm plans $1 billion distressed asset fund for foreigners

BEIJING (Reuters) – A unit of one of China’s biggest bad-debt banks plans to woo foreign investors with a $1 billion fund for soured property loans and distressed real-estate assets, reopening the sector to outsiders after a failed attempt last decade.

That the fund is being launched just as growth in the world’s second-largest economy has slowed to an 18-month low and the housing market is losing strength is no coincidence.

Apr 16, 2014

China’s Xi purging corrupt officials to put own men in place: sources

BEIJING (Reuters) – Chinese President Xi Jinping plans to use a purge of senior officials suspected of corruption to put his own men and reform-minded bureaucrats into key positions across the Communist Party, the government and the military, sources said.

Xi hopes that removing corrupt officials and those resisting change will allow him to consolidate his grip on power and implement difficult economic, judicial and military reforms that he believes are vital to perpetuate one-party rule, said the sources, who have ties to the leadership.

Apr 1, 2014

Disgraced China military officer sold ‘hundreds’ of posts: sources

BEIJING (Reuters) – A disgraced senior Chinese army officer is accused of selling hundreds of military positions, raking in millions of dollars, sources with ties to the leadership or military told Reuters, in what is likely China’s biggest military scandal in two decades.

In a renewed campaign on graft, Chinese President Xi Jinping has vowed to go after both powerful “tigers” and lowly “flies”, warning that the issue is so severe it threatens the ruling Communist Party’s survival.

Mar 31, 2014
via FaithWorld

Tibetan Communist who urged reconciliation with Dalai Lama dies

Photo

(Phuntso Wangye, former Tibetan Communist leader, poses for a picture at his home in Beijing, in this undated image made available on March 31, 2014. REUTERS/New Century Press, Hong Kong)

Phuntso Wangye, a veteran Tibetan Communist leader who became an outspoken critic of Beijing’s hardline policies towards the Himalayan region, died on Sunday, his son said. He was 91.

Mar 31, 2014

Former China mining boss, linked to ex-security chief’s son, on trial for murder

BEIJING (Reuters) – A former Chinese mining magnate with links to the eldest son of retired security tsar Zhou Yongkang went on trial on Monday over charges including murder after being accused of leading a 36-member gang on a crime spree spanning two decades.

Liu Han, the former chairman of unlisted Hanlong Group and once ranked the 230th richest person in China, faced trial in central Hubei province along with the other members of his “mafia-style” gang, state news agency Xinhua said.

Mar 30, 2014

Exclusive: China seizes $14.5 billion assets from family, associates of ex-security chief – sources

BEIJING (Reuters) – Chinese authorities have seized assets worth at least 90 billion yuan ($14.5 billion) from family members and associates of retired domestic security tsar Zhou Yongkang, who is at the center of China’s biggest corruption scandal in more than six decades, two sources said.

More than 300 of Zhou’s relatives, political allies, proteges and staff have also been taken into custody or questioned in the past four months, the sources, who have been briefed on the investigation, told Reuters.

    • About Benjamin

      "Ben is based in Beijing and covers China regulatory news. He is an ethnic Chinese born and raised in the Philippines, and spent 13 years in Beijing and 15 years in Taipei. He joined Reuters in 1991, serving as Beijing bureau chief from August 2008 to August 2010 and Taipei bureau chief from February 2000 to December 2002."
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