China orders its senior officials to dump their foreign assets –
The Chinese Communist Party (CCP) has reportedly issued a decree for the party’s senior officials strongly advising them to refrain from buying any foreign holdings. In a bid to insulate China‘s top officials from the sanctions, like those slapped by the West on Russia over its aggression in Ukraine, the new policy will block promotions for CCP elites who have significant assets abroad. The restriction will apply not only to assets held directly and indirectly by high party functionaries themselves, but […]
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