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China Southern Airlines Chairman Faces Probe for Graft

Nov 05, 2015 07:21 AM EST

China Southern Airlines announced on Thursday that its chairman Si Xianmin is being probed by authorities for graft and corruption. The details of the crimes Si is accused of has not been released by the Central Commission for Discipline Inspection (CCDI).

China's Richest Man Wang Jianlin Clarifies Financial Ties with Relatives of President Xi

Benjie Batanes |

Oct 31, 2015 07:27 AM EDT

Chinese billionaire Wang Jianlin has clarified allegations that some relatives of President Xi Jinping hold significant shares in his company. On Thursday, Wang said that Xi's relatives had sold all of their shares before his company made its initial public offering (IPO) in 2014, missing the chance to make a tremendous profit.

Chinese State-Owned Oil Company to Divest Itself of Hotels and Cars

Benjie Batanes |

Sep 14, 2015 09:25 AM EDT

A Chinese government-owned oil company has announced on Monday that it will divest most of its hotels and let go of several thousand vehicles. The move is seen as an effort by the company to stamp out graft and corruption within its ranks.

Despite Serving Jail Sentence, Chinese Journalist to Resume Anti-Graft Crusade

Benjie Batanes |

Sep 11, 2015 12:23 PM EDT

Chinese journalist Liu Hu has told his media colleagues that he will continue to crusade against corrupt officials after serving a year in prison.

France's Wine, Spirits Export the Latest Victim of China's Corruption Crackdown

Ren Benavidez |

Sep 10, 2014 11:48 AM EDT

China's strict enforcement of its anti-extravagance law has greatly affected France's wine and spirit industry as exports dipped by more than 7 percent during the first semester of 2014, a trade body reported on Tuesday.