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China-Japan-Koreas
Opinion: China: Too big to fail or too corrupt to save?
2014-07-09
  • Beijing's anti-corruption campaign is about restoring the party's credibility.

  • Delivering economic benefits no longer sufficient for increasingly cynical public. A generation now coming of age lacks their parents' emotional ties to the party and the solidarity forged from fighting side by side in the trenches of the revolution that saw the birth of new China.

  • Beijing is stepping up the drive to remove so-called "naked officials"

The public has long viewed corruption investigations as shams -- showcase trials of lower-ranking cadres unlucky enough to be targeted or a pretext to justify the expulsion of senior officials who had lost internal power struggles. Corruption campaigns typically fizzle out.

But there are no signs of this campaign fizzling out. President Xi has made fighting corruption the hallmark of his administration and has repeatedly declared that the Party would crack down on the "tigers" as well as the "flies".

the anti-corruption campaign has spawned a new campaign as Beijing renews efforts to eliminate so-called "naked officials". These are government officials and state company executives whose families live abroad or have foreign citizenship. Beijing frowns on such behaviour -- the reasoning is that only those with something to hide would send their families abroad.

The southern province of Guangdong has recently uncovered 866 "naked officials". These officials have variously been demoted or told to retire or resigned. Another 200 plus officials moved their families back from overseas. And this is data for just one province.

Will the campaign succeed in reducing the number of "naked officials" nationwide? The number of EB-5 visas issued by the United States under its investment programme provides a proxy measure that is publicly accessible. Applications from China so far this year are up 50 percent. It would be interesting to see how the numbers stack up by October at the end of the programme's quota year.
Posted by:Anguper Hupomosing9418

#1  The destabilization of China + Russia + India wrought by internal corruption + over-centralization, Radical Islam + Global Jihad, "Peak Resources", + Sun-led GWCC will be the catalyst that forces a halt to OWG-NWO + "Globalism".

* FYI BHARAT RAKSHAK > NEW LEADERSHIP STYLE IN CHINA [ + India = Asia]COMPLICATES AMERICAN DIPLOMACY [OBAMA MEETS CHINA'S "REAGAN", INDIA'S "REAGAN" JUST GOT ELECTED].
Posted by: JosephMendiola   2014-07-09 02:50  

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