The Chinese government is strengthening its effort to monitor officials whose wife and children live abroad, as such officials are prone to abuse power.

The term “naked official” has been selected as one of China’s top ten buzzwords of 2009 by Chinese linguists. It refers to the officials whose family members have moved overseas, while they themselves work in the country alone usually with the other country’s visa in hand. Read More »

Dumping could lead to domino effect and affect value of holdings

China can reduce its holdings of dollar assets, but should not “overdo” it as the country tries to adjust the structure of its dollar asset-dominated foreign exchange reserves, analysts said. Read More »