Chinese anti-corruption agency warns of 'major problems' in financial sector
The findings by the ruling Communist Party's Central Commission for Discipline Inspection range from abuse of power at a top state-owned bank to officials using data for personal gain at the government statistics bureau.
The powerful agency outlined the problems Thursday in a mass of documents summarizing recent inspections of various government entities, including the central bank and regulatory bodies.
This is the latest salvo in Chinese President Xi Jinping's sweeping anti-corruption crackdown. Critics say he's merely taking out political foes and consolidating his power. But others back Xi, saying corruption needs to be cleaned up in the world's second-largest economy.
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