China’s Communist Party fired a vice chairman of the economic planning agency who is suspected of “severe disciplinary violations,” after a Chinese journalist posted allegations that he had improper business dealings.
Former Chinese Railway Minister Liu Zhijun was charged with corruption and abuse of power as the Communist Party roots out graft that blossomed during the debt- fueled roll out of the world’s biggest high-speed rail network.
Among the Citigroup Inc. bankers gathered in Hong Kong on Aug. 11, 2006, with the mayor of the northeastern Chinese city of Tieling to discuss investments in an industrial park was the son of a powerful China princeling.
Analysts including Columbia University’s Andrew Nathan, the Brookings Institution’s Kenneth Lieberthal and University of Sydney’s Kerry Brown comment on China’s decision to expel former Politburo member Bo Xilai from the Communist Party.
Lying in a Beijing military hospital in 1990, General Wang Zhen told a visitor he felt betrayed. Decades after he risked his life fighting for an egalitarian utopia, the ideals he held as one of Communist China’s founding fathers were being undermined by the capitalist ways of his children -- business leaders in finance, aviation and computers.