China’s ruling communist party (CCP) has issued a new regulation in the name of anti-corruption banning high-ranking officials and their families from big business activities. Experts pointed out that it’s related to the CCP’s factional infighting and economic problems.
According to the Chinese regime’s official media Xinhua, on June 19, the Central Committee of the CCP issued a document imposing a ban on the family members of senior officials who are above the bureau level from business. Officials spouses, children, and their children’s spouses are affected.
The officials must also report the business activities of their families every year. If officials or family members decide not to withdraw from their business activities, the officials must step down from their positions. Those who fail to do so will be “dealt with seriously in accordance with regulations and laws.”…