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Editors

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 ‘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

Is an extradition treaty with China on the agenda?

China Foreign Ministry spokesperson Hua Chunying (Image courtesy of the China Ministry of Foreign Affairs)Chinese and U.S. officials will meet in August to discuss further cooperation in tracking down corrupt Chinese fugitives who fled with illicit gains.… Continue Reading

China bank execs under fire for graft

The president and party chief of China Minsheng Banking Corp, Mao Xiaofeng, has resigned after being investigated by anti-graft authorities.

Mao resigned for personal reasons unrelated to the bank’s operations, and the business is running as normal, the bank said in a statement to the Shanghai Stock Exchange.… Continue Reading

Will a pay raise keep the Mandarins honest?

China’s State Council has released a plan to increase salaries of civil servants amid public expectations that it will help curb corruption.
 
President Xi Jinping and other six members of the Politburo Standing Committee will have their annual salary increased from 7,020 yuan ($1,130) to 11,385 yuan ($1,759), a 62 per cent jump, according to the plan.… Continue Reading