Today news
About the same in other media
China Insists Party Elites Shed Overseas Assets, Eyeing Western Sanctions on Russia
Reading now: 641
HONG KONG—China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.
The ban, outlined in an internal notice by the party’s powerful Central Organization Department, could play a role in Chinese leader Xi Jinping’s efforts to increase his influence at a twice-a-decade leadership shuffle scheduled for later this year.
Read more on wsj.comAbout this in other media
China’s Slowdown Poses Credibility Test for Economic Data wsj.com /2 years ago
Russia Mulls Crypto for Int'l Payments, Fed Vice Chair Sees Place for Digital Dollar, NFT Game Blocks Users in China + More News cryptonews.com /2 years ago
Amid sanctions, Russia weighs crypto for international payments: Report cointelegraph.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
