(April 21, 2014) China’s roving corruption crackdown has uncovered nepotism, shady property deals and dodgy bidding procedures at the country’s state-owned Three Gorges Dam operator, Three Gorges Corporation. The news has reignited public anger over a project funded by a special levy paid for by Chinese citizens and has sparked speculation that President Xi Jinping is using Three Gorges as a way to target two of China’s biggest “tigers”.
Beware the “economic fundamentals” of politically-backed companies
(March 19, 2014) A corruption scandal in China involving the country’s largest, state-backed oil companies has some analysts talking about a “buying opportunity”, but investors would be right to proceed with caution.
