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China: 300,000 Officials Punished for Corruption!


The government of China said that it punished 300,000 officials last year for corruption. The party’s official watchdog body said that 200,000 among them were given “light punishments”, while 82,000 got severe punishments including demotions.

The methodology of detection and the evidence it considered are not explained by the party’s watchdog body which is known as the Central Committee for Discipline Inspection in its website. The number of people caught in 2015 was announced during the country’s annual parliamentary sessions, stated BBC.

President Xi Jinping has made a notion wide campaign against corruption and has taken steps to make high-profile arrests for corruption including party members. Former security chief Zhou Yongkang was also sentenced to life in prison. He was the highest level of target of the campaign. Yongkang was the head of a rival power network and former member of the party’s inner sanctum, the Politburo Standing Committee.  Rui Chenggang a famous TV host was also arrested for corruption, reported CBS News.

Guo Guangchang, a Chinese billionaire, was detained by Chinese police in December last year. He was one of the wealthy Chinese who went missing or arrested by the police.

The chase is the result of central government’s agenda to re-instill confidence in China’s unstable equity market.  The equity market is endorsed as an engine of wealth creation for common Chinese. The move is also taken to detect the corrupt government officials.

Around 400,000 civil servants were disciplined between 2013 and 2014. However, the global investors are confused as the move is harder to understand for them.

Some observers, on the other hand, see the move as a way to control the officials who are becoming influential. Some others see it as personal vendetta.

Recently, the Cyberspace Administration of China had blocked the microblogging accounts of a former property tycoon Ren Zhiqiang for criticizing state media for their loyalty to the ruling Communist party.

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