On China’s social media platforms last week, a recording surfaced that revealed a side of the country’s debt crisis that has largely gone unreported. The recording is presented as a conversation between an unnamed representative of a medical technology company and a market regulation enforcement officer, surnamed Zhang, from Chengwu county in eastern China’s Shandong … Read more
A former senior official in central China was sentenced on Friday to life in prison for taking over 216 million yuan (US$29.8 million) in bribes and helping others to profit from insider trading. The Xuzhou Intermediate People’s Court in the eastern province of Jiangsu handed down the sentence to Cao Guangjing, 60, former deputy governor … Read more
Other observers also compared this week’s meeting to Xi’s previous interactions with entrepreneurs, as well as the changing economic environment. “There seems to be a pattern that at each key juncture of economic development and reforms, Xi will meet business leaders,” said a Beijing-based observer who spoke on the condition of anonymity due to the … Read more
