Economy

xchrom

(108,903 posts)

19. CHINA REFORMER SAYS ASSET DISCLOSURE UNDER STUDY

Fri Nov 9, 2012, 08:17 AM

Nov 2012

http://hosted.ap.org/dynamic/stories/A/AS_CHINA_CONGRESS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-11-09-06-15-58

BEIJING (AP) -- Asset disclosure for Chinese officials is likely to be slowly phased in over time, a senior Communist Party leader said Friday, as the government grapples with the fraught task of rooting out the corruption that has fed widespread public anger.

The comments from Wang Yang, a member of the decision-making Politburo with a reputation as a reformer, came a day after the party opened a weeklong congress to install a new leadership with a call to fight corruption.

Speaking to reporters, Wang said that the province he runs, Guangdong, is exploring methods for officials to declare their wealth and that in the future public disclosure of assets will be required of all officials.

"Officials will slowly all disclose their assets," Wang said after a meeting with congress delegates from Guangdong. He did not give a time frame.

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