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Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

China’s Corruption Goes Mainstream

China’s latest and most lurid graft scandal made the cover of the May 14 issue of Time magazine. The story deserved to be there. It’s about massive corruption, betrayal, and murder. And it raises questions about China’s future.

Before Time magazine’s cover, our sister publication, the China Compliance Digest (CCD), was on the story. It carried an item headlined: ‘Bribery Made Bo Xilai a Billionaire, Authorities Say Ill-gotten gains allegedly hidden by family members, stashed overseas.’

The story said ‘disgraced politician Bo Xilai netted a total of several billion yuan in bribes throughout his career. . . Bo may have amassed one billion yuan (US$160 million) in payoffs from promotion-seeking government officials in Chongqing, the megalopolis where Bo was party chief until his removal in March 2012.’

Another CCD story said, ‘Gu Kailai, wife of former Chongqing Party secretary Bo Xilai, has been arrested by Chinese authorities in connection with the mysterious 2011 death of Neil Heywood, a British member of the Bo family’s inner circle of friends and advisors. . . . Bo and Gu have not been seen in public since Bo was stripped of all official posts last month. Gu is being held by authorities on suspicion of murdering Neil Heywood, a British national who some suspect was involved in the Bo family’s overseas money transfers.’

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