Xi Jinping’s family wealth persists despite anti-corruption drive: US report
TAIPEI, Taiwan – Chinese President Xi Jinping’s family continues to hold millions of dollars in business interests and financial investments, said a recent U.S. report, raising suspicion that they might have benefited from Xi’s position despite his decade-long anti-corruption campaign. Xi launched an anti-corruption drive shortly after he took power in 2012, aimed at rooting out corruption at all levels of the Communist Party. The campaign, which targeted both high-ranking “tigers” and low-level “flies,” led to the investigation and punishment of hundreds of thousands of officials. But the U.S.-backed intelligence agency Office of the Director of National Intelligence, or ODNI, said Xi’s relatives have retained significant financial holdings, and they may have benefited from political connections through private and state-owned businesses. “Their [Chinese leaders’] senior-level positions would have granted access to privileged information and both private and state-owned enterprise actions could have advantaged family holdings due to their connections to persons with political power,” said the ODNI in a report released on Thursday. It didn’t identify any direct influence from the leaders contributing to growth in family investments. But it warned that centralized power, a lack of independent oversight, and minimal accountability, especially at the provincial level, are systemic factors that allow corruption to thrive in China. The report said these factors enable government officials to increase their personal wealth through corruption at a rate estimated to be four to six times their official salaries. “Higher-ranking officials, who have greater access to state resources, benefit the most from bribery and illicit financial dealings,” said the ODNI, citing membership in China’s National People’s Congress, or NPC, as an example. “Potential benefits of NPC membership incentivize individuals to pay high costs to join, often through bribes, and to accept bribes while a member, or even upon completion of service, to facilitate business deals,” it added. The NPC, China’s legislative body that serves primarily as a rubber-stamp parliament, is perceived as a status symbol and vehicle through which to gain access to sensitive government information. Xi’s anti-corruption drive Since taking power, Xi has positioned himself as a staunch opponent of corruption, launching an unprecedented crackdown within the Chinese Communist Party, or CCP, the government, and the military. According to the ODNI, from 2012 to 2022, nearly five million officials have been investigated, with 4.7 million found guilty. “In his words, Xi intended to make government officials ‘unable and unwilling to be corrupt,’” said the ODNI. RELATED STORIES Chinese officials get derisory ‘Snail Awards’ for lying down on the job China probes top military official for ‘serious violations’ China to seize 3.1 bln yuan in assets linked to exiled former vice mayor The report also acknowledged that Xi’s early anti-corruption investigations primarily targeted high-ranking officials associated with his predecessors. But a decade-long drive widened its focus to officials from various factions, including those with close personal ties to Xi. Notably, in recent months, Xi has removed several top military officials, including Defense Minister Li Shangfu and Admiral Miao Hua, both of whom were considered close allies. Their abrupt dismissals underscore the CCP’s ongoing concerns about loyalty and military effectiveness, particularly within the People’s Liberation Army, which Xi has ordered to be combat-ready for a potential conflict over Taiwan by 2027. Edited by Taejun Kang and Stephen Wright. We are : Investigative Journalism Reportika Investigative Reports Daily Reports Interviews Surveys Reportika