Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    India’s Modi Visits Ukraine This Week, After A Recent Trip To Moscow. Here’s What It Could Mean

    August 23, 2024

    Former House Speaker Nancy Pelosi Says She Wanted To ‘Protect’ President Biden’s Legacy

    August 23, 2024

    China Says It Is ‘Seriously Concerned’ About US Nuclear Strategic Report

    August 23, 2024
    Facebook X (Twitter) Instagram
    Trending
    • India’s Modi Visits Ukraine This Week, After A Recent Trip To Moscow. Here’s What It Could Mean
    • Former House Speaker Nancy Pelosi Says She Wanted To ‘Protect’ President Biden’s Legacy
    • China Says It Is ‘Seriously Concerned’ About US Nuclear Strategic Report
    • How Emily In Paris Is Tackling Sexual Harassment In Fashion
    • England’s Hull Leads Women’s Open After Round One
    • Democrats Reject Gaza Protesters Demand To Give Speaking Slot To Palestinian
    • Coldplay Covers Taylor Swift At Vienna Stadium Where Her Eras Tour Shows Were Canceled Due To Foiled Terror Plot
    • FDA Signs Off On Updated Covid-19 Vaccines From Moderna And Pfizer/BioNTech
    Facebook X (Twitter) Instagram
    PrimeenewsPrimeenews
    Demo
    • Home
    • Politics

      India’s Modi Visits Ukraine This Week, After A Recent Trip To Moscow. Here’s What It Could Mean

      August 23, 2024

      Former House Speaker Nancy Pelosi Says She Wanted To ‘Protect’ President Biden’s Legacy

      August 23, 2024

      China Says It Is ‘Seriously Concerned’ About US Nuclear Strategic Report

      August 23, 2024

      Democrats Reject Gaza Protesters Demand To Give Speaking Slot To Palestinian

      August 23, 2024

      Parents Hide Children From Mandatory Evacuations As Ukraine Says Russia Advancing Fast On key City

      August 23, 2024
    • Technology
    • Travel
    • Health
    • Sports
    • Entertainment
    • Business
    • Shopping
    PrimeenewsPrimeenews
    Home»Business»Xi Jinping To Go After ‘Ants And Flies’ As He Intensifies His Crackdown On Firms
    Business

    Xi Jinping To Go After ‘Ants And Flies’ As He Intensifies His Crackdown On Firms

    admin@primenewsBy admin@primenewsJanuary 9, 2024No Comments7 Views

     Chinese leader Xi Jinping has vowed to go after “flies and ants” as part of an intensifying anti-corruption campaign that will target industries such as finance, energy and infrastructure.

    China will tackle “hidden risks” and increase the punishment for people who offer bribes, Xi was quoted as saying at a Monday meeting of the Communist Party’s Central Commission for Discipline Inspection (CCDI), its top anti-graft body, state media reported.

    “While there had been an overwhelming victory in the decade-long anti-corruption push, the situation remains complex,” Xi said. “In the face of such [a] complex situation, there can be no stopping, slacking or compromising on anti-corruption.”

    We will “deepen the rectification of corruption in power-concentrated, capital- intensive and resource-rich sectors,” he said. The party will “punish the ‘corruption of flies and ants’ to give the masses a greater sense of gain,” he added.

    Since Xi assumed power in 2012, he has been going after both “tigers,” high ranking officials, as well as “flies,” lower level cadres. The reference to flies and ants refers to corruption by small players or smaller-scale corruption that is easier to conceal.

    The campaign, which is Xi’s signature project, has swept across the ruling Communist Party, the government, the military and state-owned companies in waves. Now it will also target state-owned enterprises and the pharmaceutical sector.

    Xi’s remarks come after nine military figures were ousted from the country’s rubber-stamp legislature in December, and the latest shake-ups suggest that his anti-corruption campaign is far from over within the military.

    And just this week, another former top business leader of a major state-owned business — Tang Shuangning, the ex-chairman and party chief of the China Everbright Group — was ousted from the party. The CCDI accused him of “abandoning his duties,” failing to act in diffusing financial risks and taking bribes. Tang’s suspected crimes will be referred to prosecutors for further review and potential prosecution, it said.

    Over 2023, the commission investigated more than a dozen senior executives at the country’s most powerful financial institutions, according to previous CNN analysis of statements posted on the CCDI’s website.

    They included big names at the very top of China’s financial system, such as Liu Liange, former chairman of state-owned Bank of China, and Wang Bin, former head of state-owned China Life Insurance.

    — CutC by cnn.com

    admin@primenews
    • Website

    Related Posts

    UK Energy Warns Of ‘Grave’ Jobs And Investment Concerns

    August 22, 2024

    Protected Status Boosts Welsh Whisky ‘Credibility’

    August 21, 2024

    More Trouble For Boeing : Tests Of Its Troubled 777X Paused After It Found Structural Problems

    August 21, 2024
    Leave A Reply Cancel Reply

    Top Posts

    Taylor Swift And Olympics Scams Fuelling Fraud

    May 22, 2024387K

    Israel Says South Africa Distorting The Truth In ICJ Genocide Case

    January 12, 2024679

    A High-Altitude Tunnel Is Latest Flashpoint In India-China Border Tensions

    March 22, 2024468

    Russia Election 2024: Voting Begins In Election Putin Is Bound To Win

    March 15, 2024367
    Don't Miss

    India’s Modi Visits Ukraine This Week, After A Recent Trip To Moscow. Here’s What It Could Mean

    By admin@primenews31

    NEW DELHI (AP) — Indian Prime Minister Narendra Modi is set to meet with Ukrainian…

    Former House Speaker Nancy Pelosi Says She Wanted To ‘Protect’ President Biden’s Legacy

    August 23, 2024

    China Says It Is ‘Seriously Concerned’ About US Nuclear Strategic Report

    August 23, 2024

    How Emily In Paris Is Tackling Sexual Harassment In Fashion

    August 23, 2024
    Stay In Touch
    • Facebook
    • Twitter
    • Instagram
    About Us
    About Us

    Welcome to Prime E-News! Your go-to source for the latest and most relevant news, delivered with accuracy and speed. Stay informed and empowered with our diverse range of curated topics to keep you updated on what matters most. Join us at the forefront of information and insight today.

    Facebook X (Twitter) Instagram
    Most Popular
    Taylor Swift And Olympics Scams Fuelling Fraud
    May 22, 2024387K
    Israel Says South Africa Distorting The Truth In ICJ Genocide Case
    January 12, 2024679
    A High-Altitude Tunnel Is Latest Flashpoint In India-China Border Tensions
    March 22, 2024468
    Latest Post

    India’s Modi Visits Ukraine This Week, After A Recent Trip To Moscow. Here’s What It Could Mean

    August 23, 2024

    Former House Speaker Nancy Pelosi Says She Wanted To ‘Protect’ President Biden’s Legacy

    August 23, 2024

    China Says It Is ‘Seriously Concerned’ About US Nuclear Strategic Report

    August 23, 2024
    © 2025 Primeenews.com
    • Home
    • Politics
    • Sports
    • Technology
    • Entertainment
    • Education

    Type above and press Enter to search. Press Esc to cancel.

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.AcceptDeclinePrivacy policy