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China: Asset Declaration Key Part of Its Anti-corruption Fight |
| Source: |
English.news.cn |
| Source Date: |
Saturday, June 25, 2011 |
| Focus: |
Electronic and Mobile Government, Citizen Engagement, Internet Governance
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| Country: |
China |
| Created: |
Jun 28, 2011 |
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Pressing ahead with disclosure of officials' assets is an important part of China's anti-corruption efforts, said an article posted Friday on the website of the National Bureau of Corruption Prevention. Xin Xiangyang, a research fellow on Marxism with the Chinese Academy of Social Sciences, said in the article that China should disclose officials' personal assets in a gradual manner. "Strict supervision will help end officials moving their wealth (to avoid punishment) while they're under investigation," Xin said. The definition of assets should include large amounts of cash, securities, property, and motor vehicles, said Xin. Officials should report the above assets owned by themselves and their family members as well, he said. Currently, officials are not only required to report their income, property and investment, but also whether their spouses or children live abroad, to the departments or institutions they work in, according to regulations passed last year. "The reporting system should be further improved and promoted across the country," Xin said. Verifying the accuracy of officials' reports is one of the problems the government faces in implementing the asset declaration system, according to the Central Commission for Disciple Inspection (CCDI) of the Communist Party of China (CPC). The CCDI has not released a timetable for the implementation of the system. According to the CPC Central Committee's anti-corruption guidelines for 2008-2012, the Party must conduct thorough research and evaluation of the system before it can be implemented.
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China: Asset Declaration Key Part of Its Anti-corruption Fight Pressing ahead with disclosure of officials assets is an important part of China's anti-corruption efforts said an article posted Friday on the website of the National Bureau of Corruption Prevention
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