Add

Chinese authorities pursue crack-down on corruption, yet another blow to luxury

China is to launch a pilot programme to make new officials disclose their assets as part of an anti-graft campaign, the Communist Party’s anti-corruption watchdog said on Friday. The government has faced increasing public pressure to improve transparency around officials’ wealth, especially after recent corruption scandals involving assets ranging from luxury watches to houses.

Under the programme, “leading cadres” who are newly appointed or promoted will have to disclose their assets, the occupations of spouses and children, and international travel records, the ruling party’s Central Commission for Discipline Inspection said in an statement on its website.

President Xi Jinping has made fighting graft a top theme of his new administration, and has specifically targeted extravagance and waste, seeking to assuage anger over corruption and restore faith in the party. Despite the anti-corruption campaign, China has detained at least 15 activists pushing for officials to disclose their wealth over the past year or so.

Reuters

Hermes and Armani stores, Beijing

CPP-LUXURY iOS App