Xi Jinping's Anti-Corruption Drive Shadows Family's Financial Ventures

A report highlights that Xi Jinping's family maintains significant financial interests, despite the president's sweeping anti-corruption campaign. The US-backed ODNI suggests systemic issues in China allow officials, including those in Xi's circle, to profit through connections and access to privileged information.

Chinese President Xi Jinping's family reportedly retains substantial financial investments, according to a recent report by Radio Free Asia (RFA), which cites US sources. Despite Xi's rigorous anti-corruption efforts initiated in 2012 targeting officials at all levels, these investments remain under scrutiny.

The report from the US Office of the Director of National Intelligence (ODNI) suggests that Xi's family may have leveraged their political ties for financial gain, benefiting from both private and state-owned enterprises. High-ranking positions have allegedly provided access to privileged information, further bolstering these investments.

Highlighting systemic issues within China, the ODNI attributes the perpetuation of corruption to centralized authority, inadequate independent oversight, and minimal accountability, particularly at the provincial level. Officials are reported to accumulate wealth at several times their official salaries, with the Chinese National People's Congress (NPC) membership cited as a lucrative channel for financial misdeeds.

(With inputs from agencies.)