China: Xi Jinping opened the 19th CCP Congress with a three-and-a-half hour speech setting out “a vision of total control — with the party guiding not only the economy and the Internet but culture, religion and morals,” writes Simon Denyer. Xi cited the “virus” of corruption as the greatest threat to the Party and promised to maintain the “irreversible” momentum of his anti-graft campaign. (WaPo, Guardian, Reuters)
When their only objective is to shift as much money overseas as quickly as possible, it’s no accident that China’s tycoons are bad investors, write Heiwei Tang and Christopher Beddor. (FP)
Power didn’t protect the …read more
Source: Kleptocracy Initiative