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looking beyond borders

foreign policy and global economy

Archive for the tag “Corruption”

Corruption And Consolidation: Saudi Arabia Graft Crackdown Has Echoes Of Xi’s China

If Saudi Crown Prince Mohammed bin Salman’s bid to speed economic reforms by rounding up rivals in graft raids sounds familiar, that’s because China has been doing it for years.

Read Here – Chicago Tribune

Also Read: The World Should Push The Crown Prince To Reform Saudi Arabia, Not Wreck It

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After 30 Years In A Coma, The Real Saudi ‘Awakening’ Begins Now

It was not an ordinary statement or pledge; not only because it was made by Crown Prince Mohammed bin Salman, but also because of what it implied — and it was followed only two weeks later with an exceptional, earth-shattering move.

Read Here – Arab News

Alwaleed, Saudi Purge’s Richest Victim, Has Assets Across Globe

Photo courtesy: alwaleed.com.sa

When Prince Alwaleed bin Talal was arrested as part of an anti-corruption probe in Saudi Arabia, it was the latest twist in the story of a billionaire who has courted international attention — while cloaking his investments in secrecy.

Read Here – Bloomberg

See List Of Those Arrested Here

Cabinet Reshuffle, Crackdown On Corruption In Saudi Arabia

King Salman announced two key changes in the Saudi Cabinet and ordered the formation of a super committee to combat corruption. The committee is to be headed by Crown Prince Mohammed bin Salman. In its first decision, the committee ordered the arrests of a number of princes and big businessmen for their involvement in corruption in different cases.

Read Here – Arab News

Also Read: Saudi Arabia Arrests Princes And Ex-Ministers Amid Anti-Corruption Crackdown

Confident Xi Reaches Out To Trusted Colleagues

Chinese Premier Li Keqiang will stay on as head of government for another term while President Xi Jinping’s name will be enshrined in the Communist Party’s charter alongside those of late leaders Mao Zedong and Deng Xiaoping…

Read Here – South China Morning Post

China’s Xi Digs In For The Long Haul

File photo of Chinese President Xi Jinping

Xi Jinping will enter the Chinese Communist Party’s national congress in Beijing on Oct. 18 as the country’s most powerful leader in decades. When it is over, he hopes to emerge as the Mao Zedong of the 21st century. In the five years since the last party congress, when he was named general secretary, Xi has greatly expanded the powers of his office. He has fortified his political position by ruthlessly deploying an “anti-corruption” campaign that has snared acquisitive billionaires, rival party members and local government officials.

Read Here – Nikkei Asian Review

Mao Zedong’s Grandson Among The ‘Princelings’ Not Invited To China’s Party Congress

A grandson of Mao Zedong is among the “princelings” from China’s People’s Liberation Army who have not been invited to the upcoming 19th party congress. Major General Mao Xinyu is one of five senior military figures descended from or with close family ties to revolutionary generals or former state leaders who will miss out on China’s most important political event, which is held just once every five years.

Read Here – South China Morning Post

Five Things You Need To Know About China’s National Party Congress

The Communist Party of China (CPC), the country’s ruling party since the end of the civil war in 1949, will begin its once-every-five-year National Congress on Oct. 18, at which time a new slate of party leaders will be elected. In the major party reshuffle, some officials will stay in their posts; others will be elevated; and some will retire. The nation will closely watch, as the new mixture of leadership will help shape China’s future political and economic landscapes.

Read Here – Caixin Global

Can Xi Jinping Head Off The Grey Rhinos In China’s Economy?

Common sense goes that the first step in solving any problem is recognising there is one. But if one ignores the problem and allows it to balloon to the edge of a crisis before recognising the severity of the issue, that means common sense has long gone out the window and all one is left with is a mess or even worse. That is what has happened with China’s massive and fraud-ridden financial system in which a herd of “grey rhinos” brazenly grew, charged around, and punched big holes, threatening to sink the system with a full-blown systemic crisis.

Read Here – South China Morning Post

What To Expect From Xi Jinping’s Communist Party Congress Power Play

Through rounds of reshuffles and a relentless war on corruption that has felled more than 200 senior officials, Xi has managed to place loyalists or associates of close allies in key positions in central and provincial government and powerful party departments. Many are now poised to be elevated to the Central Committee and some to the Politburo.

Read Here – South China Morning Post

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