Price of Diverging Xi’s Political View: Economist Fang Xinghai Faces Probe in China’s Latest Purge

Fang Xinghai Under Investigation as China's Financial Sector Purge Deepens

Former China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai, who earned a Ph.D. in economics from Stanford University, has come under investigation. Fang decided to return to China years ago after being persuaded by a remark from former Chinese Premier Zhu Rongji, according to reports.  Later, however, when he applied for permission to take […]

Price of Diverging Xi’s Political View: Economist Fang Xinghai faces probe in China’s latest purge

New Delhi: The investigation into former China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai is fueling fresh speculation that Beijing’s latest anti-corruption campaign is no longer focused solely on financial misconduct but is increasingly targeting market-oriented technocrats whose economic outlook diverges from the political priorities of Chinese President Xi Jinping. Fang, a 62-year-old U.S.-educated economist widely reg…

Fall of Former Chinese Financial Official Signals Growing Scrutiny of Western-Educated Technocrats

The investigation of former China Securities Regulatory Commission Vice Chairman Fang Xinghai is fueling speculation that Beijing’s latest anti-corruption campaign is increasingly targeting technocrats whose market-oriented views diverge from Chinese leader Xi Jinping’s political priorities. Fang, a U.S.-educated economist, was once regarded as a leading advocate of opening China’s financial system to the world. Analysts say corruption allegati…