China’s anti-corruption campaign a tool for fighting factional politics?

1 week ago

(, Jun10’24) —A report saying senior Chinese leaders, including President Xi Jinping, are engaged in corruption and hiding hundreds of millions of dollars in wealth by using relatives to disguise their activities suggests that the high-profile anti-corruption campaign that has continued for many years and taken down several top leaders and others is nothing more than an instrument for fighting factional politics.

By 2012, Mr Xi had amassed at least $376 million in company investments, an indirect 18% stake in a rare-earth mineral company worth more than $311 million, and $20.2 million holdings in a technology company, reported Jun 9, citing a US Congressional Resea...

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