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

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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
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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

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Instant noodles are an iconic consumer product associated with China’s rapid industrialisation. Photo: Bloomberg
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