The Communist Party of China (CPC) has warned that cadres who take advantage of their positions to do insider trades on the stock market or allow their spouses or children to take advantage of their influence in business face stepped-up anti-corruption efforts.
A communique released on Wednesday at the end of a three-day plenary session of the Communist Party of China (CPC) Central Commission for Discipline Inspection (CCDI) also warned officials against several other unhealthy practices. These include accepting cash or financial instruments as gifts, taking gifts at occasions such as weddings and funerals, occupying extra apartments and circumventing the rules to buy affordable housing that was intended for low-and medium-income earners.
The crackdown on corruption in 2008 will also focus on officials who seek to profit from involvement in construction bids, land sales, trading of property rights and government procurement, the communique said.
Officials who buy or sell official posts or use social connections with upper-level officials to solicit promotions, and those who offer bribes during elections, will be severely punished, according to the communique.
The second plenary session of the 17th CCDI, which ended on Wednesday, outlined the anti-corruption and Party building work for 2008.
The session pointed out that 2008 is the 30th anniversary of China's reform and opening-up drive, the 30th anniversary of the restoration and reestablishment of CPC's discipline watchdogs and the year that Beijing will host the Olympic Games.
Therefore, anti-corruption work is of greater significance this year.
Source: Xinhua
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