China says it is in talks with U.S. over businessman who fled

BEIJING -- China's top anti-corruption agency said Friday it is in talks with the United States over a highly connected businessman who fled China, possibly bearing politically sensitive information.

See Full Article

The statement by an agency spokesman at a news conference is the first official acknowledgment of China's interest in Ling Wancheng, whose brother was a top aide to former Chinese President Hu Jintao before being arrested on corruption charges.

Ling is believed to hold sensitive information about China's leadership and could deliver an intelligence windfall should he defect.

The New York Times reported last year that the Obama administration has rebuffed Chinese requests for Ling's repatriation and has warned China about covert agents seeking his whereabouts on U.S. soil.

Liu Jianchao, the official at the Chinese Communist Party's Central Commission for Discipline Inspection responsible for repatriating corruption suspects, told reporters Friday that China was "in dialogue" with the U.S. but did not give details or say whether Ling might be handed over.

The brother, Ling Jihua, was the right-hand man and close ally of the former president and has not been tried. He served until 2012 as head of the ruling party's general office, a position comparable in U.S. politics to the president's chief of staff.

Ling fell out of political favour following a lurid scandal involving his alleged coverup of his son's death in a speeding Ferrari.

Some political observers say President Xi Jinping has used his anti-graft drive, now in its fourth year, as a tool to clear out political rivals within the party and consolidate power. The campaign shows no sign of easing.

The party hopes the campaign will help restore its reputation and rebuild trust among the Chinese public, while beefing up internal regulations to stem further corruption.

Discipline officials said Friday that the investigations have been unbiased and more than 330,000 party members have been punished.

Deputy Secretary Wu Yuliang said the campaign has won approval from the public and will continue with "undiminished force, unchanged rhythm, unmitigated scale."



Advertisements

Latest Economic News

  • Jimmy Choo is on the market

    Economic CBC News
    A Jimmy Choo shoe is seen in a shop in downtown Rome in March 2016 file photo. (Max Rossi/Reuters) British luxury retailer Jimmy Choo is seeking offers for the company as part of a review of its strategic options to maximize shareholder value, it said on Monday. Source
  • Asian stocks mixed as investors examine French election outcome

    Economic CTV News
    TOKYO -- Asian stocks were mixed Monday as investors weighed the results of the first round of the French presidential election. KEEPING SCORE: Japan's benchmark Nikkei 225 rose 1.3 per cent in morning trading to 18,870.24. Source
  • Oregon teens sells $1 million in custom socks

    Economic CTV News
    SHERWOOD, Ore. -- Seventeen-year-old Oregon resident Brennan Agranoff spends his days going to school, doing chores and running his custom-design sock business. It's no simple hobby: Agranoff is the founder and CEO of HoopSwagg, and he has already sold $1 million in custom socks. Source
  • Oregon teen sells $1 million in custom socks

    Economic CTV News
    SHERWOOD, Ore. -- Seventeen-year-old Oregon resident Brennan Agranoff spends his days going to school, doing chores and running his custom-design sock business. It's no simple hobby: Agranoff is the founder and CEO of HoopSwagg, and he has already sold $1 million in custom socks. Source
  • The sad saga of North Korea's ATMs

    Economic CTV News
    PYONGYANG, North Korea -- No modern airport terminal is complete without an ATM, and Pyongyang's now has two. But they don't work -- because of new Chinese sanctions, according to bank officials -- and it's not clear when they will. Source
  • Real estate reality check: CBC's Marketplace consumer cheat sheet

    Economic CBC News
    Miss something this week? Here's the consumer news you need to know from CBC's Marketplace. Get this in your inbox every Friday. Sign up here. House cooling Time for some cold water on that hot southern Ontario real estate market? Here's how the province is proposing to rein in the madness. Source
  • Birthing April the Giraffe becomes cash cow for tiny U.S. zoo

    Economic CTV News
    April the giraffe has become a cash cow for a tiny zoo in rural upstate New York, thanks to a livestream of her pregnancy and birth that has enthralled viewers around the world. Owners of the Animal Adventure Park won't say exactly how much they've pulled in from all the April-related ventures, but marketing experts who specialize in viral internet campaigns conservatively estimate the haul in the hundreds of thousands of dollars. Source
  • Despite special regulations, edible entrepreneurs hope to take bite of Canada's marijuana market

    Economic CBC News
    Amid all the uncertainty about the federal government's ?plans to legalize marijuana by mid-2018, a culinary mystery stands out: How will marijuana-infused food products, commonly called "edibles," fit into the legal regime? Ottawa has signalled that regulations governing the sales of edibles won't be ready by the time recreational marijuana becomes legal. Source
  • 'Vital for tenants' or 'textbook' bad policy: How rent control works in NYC

    Economic CBC News
    Before Ontario's provincial government announced its plans to expand rent control, some economists were already sounding alarm bells about imposing the controversial policy. In response to some Toronto tenants who say their rents have doubled, the government on Thursday unveiled its Fair Housing Plan. Source
  • What we can learn from New York's rent control regime

    Economic CBC News
    Before Ontario's provincial government announced its plans to expand rent control, some economists were already sounding alarm bells about imposing the controversial policy. In response to some Toronto tenants who say their rents have doubled, the government on Thursday unveiled its Fair Housing Plan. Source