Former China National Petroleum Corporation chief Jiang Jiemin was sentenced to 16 years in prison Monday after he pleaded guilty to a slew of corruption charges earlier this year.
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Family members of China's current and prior political leaders are using secret, offshore companies to help hide their wealth in tax havens, a new report says. And some well-known banks and accounting firms have played a significant role in helping them do it.
China’s new slate of leaders have been announced -- the seven members of the Standing Committee of the Politburo, the highest-ranking body in the Communist Party (and therefore the country). The announcement came Thursday at the end of the 18th National Congress of the Communist Party.