China Insists Party Elites Shed Overseas Assets, Eyeing Western Sanctions on Russia

May 19, 2022

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WSJ China Insists Party Elites Shed Overseas Assets Eyeing Western Sanctions Russia

China’s Communist Party will block promotions for senior cadres whose spouses or children hold significant assets abroad, people familiar with the matter said, as Beijing seeks to insulate its top officials from the types of sanctions now being directed at Russia.

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