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Beijing’s top anti-graft agency says Liu, who once served on Interpol executive committee, is ‘suspected of serious violations of discipline and law’ which is widely understood to mean corruption.
After a slew of promises made by the Chinese government to the country’s private businesses, growth and recovery have been weaker than expected – and experts are saying the solution to industry uncertainty is bold, consistent action in the sector’s favour.
Days after China’s worrisome GDP growth failed to reassure the market, Beijing makes new vows to take quick action with comprehensive policies.
Official FDI figures for the year’s first four months show momentum is slowing despite Beijing’s all-out push to invigorate the economy by luring overseas companies and investors.
Any claim that senior officials and executives are exempt from party edicts urging them to lead a simple life should be rejected, according to article on National Supervisory Commission website.