Chinese defence minister under investigation for corrupt procurement 


Reuters exclusively reported that China’s Defence Minister Li Shangfu, who has been missing from public view for more than two weeks, has been placed under investigation by Chinese authorities. The investigation into Li relates to procurement of military equipment.  

Market Impact

The moves have raised questions from some observers and diplomats about the abrupt changes in China’s leadership at a time when its economy is struggling to recover from strict pandemic closures and its relations with the United States have further soured over a range of issues. Both Li and Qin were seen by observers of Chinese politics as handpicked by President Xi Jinping, making their absence after less than a year on the job particularly notable. The two men had prominent public-facing roles and also serve among China’s five state councillors, a post outranking a regular minister. 

Article Tags

Topics of Interest: EconomyGovernmentPolitics

Type: Reuters Best

Sectors: Economy & PolicyGovernment & Public Services

Regions: Asia

Countries: China

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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