China's Politics: Bold Reforms and Unabated War on Corruption

In: East Asian Policy, Volume 8, Issue 1, p. 16-24

Abstract

In 2015, the XI administration snared 30 ministerial-and-above officials including Guo Boxiong of the Central Military Commission for corruption; abolished the long-delayed one-child policy; restructured state-owned enterprises; and overhauled the military by rejigging existing military regions and executing a cut of 300,000 army personnel. In the stock market meltdown, many officials, securities brokers and fund managers were arrested for insider trading and market manipulation. The stabilisation of the market laid the foundation for many long-awaited financial reforms.