The Chief of China's Statistics Bureau Wang Baoan is being investigated for charges of corruption, China's anti graft body said on Tuesday.

"Wang is suspected of severe disciplinary violations and he is currently under investigation", the Central Commission for Discipline Inspection announced on its official website.

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Although nowhere is the word 'corruption' used in the statement, in China phrases like "disciplinary violations" and "violations of party discipline" are usually a reference to corruption and graft activities.

No official statement has been issued by any official from the Chinese government on this development. News from highly reliable sources say that as of now there is no pressure on Wang to resign from his post.             

The investigation against Wang comes at a time when China's growth figures and data's have come under scrutiny by the international community. However, Wang recently voiced confidence that China's GDP and growth figures are very much reliable.                

Wang's graft charges have also coincided with news of corruption in Agricultural Bank of China, where two employees are being investigated for financial wrongdoings. The news of corruption in the Agricultural Bank of China had adverse impact on China's stock market on Tuesday.

China has been showing zero tolerance towards corruption since President Xi Jinping took office in 2013. Experts, however, are of the opinion that recent news of corruption in important organizations may have an adverse impact on Chinese economy, which is already going through a tough phase.   

TagsWang Baoan, china