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Friday, July 19, 2024

Taming the ‘big tigers’ won’t be easy for China’s president

A meeting of China’s top Communist Party officials will debate the proposed regulations obliging cadres to declare their assets and those of their spouses and close kin. But acting against the “big tigers” is tough. The Chinese Communist Party’s (CCP) policy-setting Central Committee, which usually meets once a year, is set to be convened in a military hotel in Beijing on October 24. The 370-odd members, including President Xi Jinping and other Politburo members, will also discuss rules that could force senior officials to disclose whether their spouses and children have foreign passports or permanent residence in other countries. The “Panama Papers” disclosed that the children and relatives of several Politburo members, including President Xi’s sister and brother-in-law, hold bank accounts in overseas tax havens. Hong Kong papers have reported that the two Xi relatives have since closed those accounts.

To access the complete article, please use this link: DW – Asia