Best of the financial columnists
Jul 01, 2022
3 minutes
China hauls dirty money back home
Nate Sibley
The Wall Street Journal
The timing of Xi Jinping banning party officials from owning significant assets overseas suggested he had taken note of the “Western pursuit of Russian oligarchs’ assets” and might be planning an imminent war against Taiwan, says Nate Sibley. But the edict also highlighted the fact that, like Russia, China is a “full-blown kleptocracy” whose ruling elites stash their ill-gotten gains overseas. The “prevailing form of corruption” in China involves “cosy” relationships between tycoons and party
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