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AndronETalksNews

AndronETalksNews

Xi Insists Party Elites Shed Overseas Assets, Eyeing Western Sanctions on Russia

GNews

Translator: Kyan
Proofreader: YunChing

May 20, 2022

On May 20, according to the Wall Street Journal, the CCP introduced a policy that will block promotions for senior officials whose spouses or children have substantial assets abroad. This attempt is to exempt senior officials from the various sanctions currently targeting Russia by the international community.

The ban, outlined in an internal notice in March by the Organization Department of the Communist Party’s Central Committee, could play a role in Chinese Xi Jinping’s efforts to increase his influence at the 20th Party Congress later this year.

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