By XINHUA A military court on Wednesday convicted Fang Fenghui, former chief of staff of China’s Central Military Commission (CMC) Joint Staff Department, on three counts and sentenced him to life imprisonment. Fang was found guilty of accepting and offering bribes, as well as holding a huge amount of property from unidentified sources, according to the court ruling. He was also deprived of his political … Continue reading China’s former military chief of staff sentenced to life
BY THE EDITOR China stocks were lower after the close on Tuesday, the day when the country’s top leaders gathered in the centre of Beijing to commemorate the 40th anniversary of the reform and opening-up. In a 1.5-hour-long speech that was aired live on China’s central television and major news portal websites, Xi Jinping, the Chinese president, warned the country would be faced with “unimaginable … Continue reading China to face ‘unimaginable tempestuous storms’
BY ZHOU XIN, the SCMP and SILVI WRITER President Xi Jinping has told entrepreneurs that their businesses will be protected, and Beijing will try to find new ways – such as tax cuts and bailout funds – to help them, his latest bid to shore up confidence in the private sector. Xi, the most powerful Chinese leader in decades, has been trying to reassure … Continue reading Xi tells entrepreneurs their personal, property rights ‘Will be Protected’
BY THE EDITOR China’s A-list actors getting exorbitant salaries has been quite a controversial topic in the society in recent years, even before the highest-paid star Fan Bingbing was fined for 884 million yuan ($129 million) for tax evasion last week. Fan’s punishment shows the authority is taking measures to address the issue of extremely uneven, and unfair, distribution of wealth, which may lead … Continue reading How much do China’s A-list actors make?
BY SILVI WRITER Chinese super star Fan Bingbing will escape criminal charges if huge taxes and fines are paid on time. Fan, 37, has been ordered to pay taxes and fines worth nearly 884 million yuan ($129 million) over tax evasion, the country’s taxation authorities said Wednesday after an investigation, said China’s state news agency Xinhua. The actress had been linked to a government probe … Continue reading IS IT FAIR? Fan Bingbing faces huge fines, but escaped criminal charge
via Why China will Win the Trade War Continue reading Why China will Win the Trade War
Claims of instability are overblown but discontent is widespread – and it has been amplified by officials who stick fingers in their ears and dial up the propaganda. By Wang Xiangwei China’s official media and social media platforms rarely see eye to eye but over the past month or so, they have operated as if they are in different realms. The contrast is striking and … Continue reading SCMP: IS XI JINPING LOSING HIS GRIP – OR JUST TAKING A MORE FLEXIBLE APPROACH?