Business dealings of Hangzhou Party Secretar…

We were given a bit more clarity on what the government wants people to hear about the downfall earlier this week of Hangzhou Party Secretary Zhou Jiangyong 周江勇. An article in China Economic Weekly described sketchy dealings by his wife and younger brother, said the complaints against her were as numerous as “snowflakes” about some of those dealings, and that the brother had two companies in which a subsidiary of Ant Financial was a small investor. It also said that both the brother and his older sister have been detained.

Read →