The secret insider terms used in Chinese money laundering


March 6, 2018

The term “anticorruption” has been at the forefront of Chinese president Xi Jinping’s rule. His housecleaning campaign has targeted (paywall) Central Committee and Politburo members, political rivals and powerful tycoons. And as China’s National People’s Congress removes restrictions on presidential terms, it is also expected to shore up Xi’s power by creating an independent anti-corruption agency. But China’s corruption problem extends well beyond its borders.