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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

China graft busters on alert for pricey mooncakes

Chinese President Xi Jinping has warned officials not to spend public funds on extravagant banquets or gifts as the Mid-Autumn Festival approaches.

The Mid-Autumn Festival (September 27 this year) ranks second among China’s holiday sales periods, after the Lunar New Year.… Continue Reading

Three Chinese universities named and shamed for violating frugality rules

China’s Ministry of Education has named three government universities and multiple employees for spending public funds on unauthorized sight-seeing tours and accepting money as wedding gifts. 

Faculty members at Tongji University’s School of Economics and Management and Tianjin University’s Logistics Office were found to have paid for unauthorized trips using public funds.… Continue Reading

Zhou Yongkang leaked state secrets to ‘fortune teller’

China’s former state security chief Zhou Yongkang, who was sentenced to life imprisonment, leaked state secrets to a fortune teller by the name of Cao Yongzheng.

Cao was introduced to Zhou Yongkang through his eldest son, Zhou Bin, in 2000 and won Zhou’s trust by mentoring his younger son Zhuo Han.… Continue Reading

China ‘internet police’ patrol for harmful content

China has officially launched 50 social media accounts run by internet police to target illegal and harmful online information. 

The 50 social media accounts were launched on popular microblog site Weibo, mobile messaging app WeChat, and Baidu’s online community Tieba, covering 13 provinces and 37 cities.… Continue Reading

Pharma news: China restricts hospital drug sales

China is pushing reforms at public hospitals in the wake of widespread complaints about inadequate healthcare services and corruption related to drug sales.

According to a guideline issued by the State Council, reforms that were piloted in 17 cities in 2010 will be expanded to the country’s 6,800 public hospitals by 2017.… Continue Reading

‘Small coffers’ at China Telecom paid for feasts and prostitutes

China’s third-largest mobile carrier China Telecom Corp Ltd punished 31 executives found to have engaged in extravagant banquets and prostitution.

The mobile carrier said in a statement that executives at its Beijing branch squandered 79,500 yuan ($12,822) of public funds on lavish banquets and entertainment in a restaurant in Hebei province.… Continue Reading

PwC among seven firms tabbed to audit China SOE overseas assets

China has chosen seven audit firms including PwC, BDO, and Grant Thornton to examine the overseas assets of major state-owned enterprises (SOEs) following an open tender held last month.

The move came after a former audit official warned that more than 110 SOEs’ overseas assets valued at about 4 trillion yuan ($637 billion) were not audited due to insufficient audit staff.… Continue Reading

China Corruption Blotter (April 8, 2015)

Wang Hanchen, former general manager and deputy party chief of state-owned Shaanxi Nonferrous Metals Holdings Group Co Ltd, has been expelled from the party and dismissed from government posts after being found to have taken bribes.… Continue Reading