The Central Commission for Discipline Inspection said Liu Shiyu (right) had not upheld the principles of a Communist Party member, made inappropriate public speeches and lacked “political vigilance” and awareness of confidentiality rules. Photo: Xinhua
China’s former securities regulator Liu Shiyu gets light punishment after graft probe
- Anti-corruption watchdog finds 58-year-old used his role for personal gain, broke the rules to help others work in financial system, and accepted gifts
- He has been given two years’ probation, had his civil servant rank downgraded and his illegal gains have been confiscated
Topic |
China economy
The Central Commission for Discipline Inspection said Liu Shiyu (right) had not upheld the principles of a Communist Party member, made inappropriate public speeches and lacked “political vigilance” and awareness of confidentiality rules. Photo: Xinhua
Instant noodles are an iconic consumer product associated with China’s rapid industrialisation. Photo: Bloomberg
China’s rising instant noodle sales revive debate over if Chinese consumers are spending less
- Sharp recovery in sales renews talk of whether people are tightening their belts because of economic worries
- Instant noodle sales slipped to 38.5 billion in 2016, but rose back to more than 40 billion servings last year – or more than 38.8 per cent of total global sales
Topic |
China economy
Instant noodles are an iconic consumer product associated with China’s rapid industrialisation. Photo: Bloomberg