{"id":1942,"date":"2016-04-14T10:43:49","date_gmt":"2016-04-14T00:43:49","guid":{"rendered":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?p=1942"},"modified":"2016-06-14T12:02:24","modified_gmt":"2016-06-14T02:02:24","slug":"china-and-the-panama-papers","status":"publish","type":"post","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/china-and-the-panama-papers\/","title":{"rendered":"China and the Panama Papers"},"content":{"rendered":"<p>The recent massive leak of data from the Panamanian law firm Mossack Fonseca shows that greater China constitutes the single largest market for the secretive offshore companies that have been the firm\u2019s stock-in-trade. Thus the PRC and Hong Kong offices account for 29 per cent of Mossack Fonseca\u2019s business.<\/p>\n<p>How do the Panama Papers fit with Xi Jinping\u2019s high-profile campaign against corruption in the ruling Communist Party since his accession to the leadership in 2012?<\/p>\n<blockquote><p>If you thought Beijing was grateful for the treasure-trove of information on senior cadres\u2019 dodgy financial dealings, including relatives of Xi Jinping and two other members of the Standing Committee of the Politburo, you would be wrong. Instead, coverage of the revelations in China has been censored and suppressed.<\/p><\/blockquote>\n<p>The data-dump exposes a basic contradiction in this current as well as other Chinese anti-corruption campaigns. To be effective, these efforts have to enlist the aid of civil society activists and investigative journalists, both at home and abroad. A consistent lesson in efforts to combat corruption &#8211; in other times and places whistle-blowers, journalists and activists have been crucial in first breaking scandals and revealing basic facts about those abusing government office, as well as generating and maintaining political pressure for thorough-going reforms.<\/p>\n<p>Yet the Chinese Communist Party leadership has been consistently suspicious of these kinds of actors. This mistrust has extended to blocking previous media coverage of Chinese leaders\u2019 huge wealth, and that of their families, as well as repressing those at home who have agitated for what are standard anti-corruption policies elsewhere, (for example) requiring senior officials to declare their assets.<\/p>\n<p>A final element of note from the Panama papers is to once again underline how little faith rich Chinese seem to have in their own government to safeguard their wealth and respect their property and human rights. The pronounced tendency of this stratum to relocate themselves, their families\u00a0and their assets abroad seems to constitute a serious vote of no confidence in China\u2019s future under the current regime.<\/p>\n<p><em>Article by Griffith University Centre for Governance and Public Policy Deputy Director, Professor Jason Sharman.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recent massive leak of data from the Panamanian law firm Mossack Fonseca shows that greater China constitutes the single largest market for the secretive offshore companies that have been the firm\u2019s stock-in-trade. Thus the PRC and Hong Kong offices account for 29 per cent of Mossack Fonseca\u2019s business. How do the Panama Papers fit [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":1948,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[245],"tags":[284,514],"class_list":["post-1942","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china-and-north-east-asia","tag-china","tag-professor-jason-sharman"],"acf":[],"modified_by":"Christine Kowalski","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>China and the Panama Papers | Griffith Asia 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But how long can it remain at its peak, at home and abroad.\u00a0 It is timely to\u00a0examine\u00a0the CCP\u00a0evolution over the last 100 years, then focus on potential paths ahead,\u00a0when\u00a0the Party\u2019s grip on\u2026","rel":"","context":"In &quot;Commentary&quot;","block_context":{"text":"Commentary","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/commentary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/09\/CCP-100-900x500-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/09\/CCP-100-900x500-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/09\/CCP-100-900x500-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/09\/CCP-100-900x500-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":10817,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/chinas-two-sessions-2024-highlights-from-green-development-energy-transition-green-finance-carbon-market-and-belt-and-road-initiative\/","url_meta":{"origin":1942,"position":1},"title":"China\u2019s Two Sessions 2024: highlights from green development, energy transition, green finance, carbon market and Belt and Road Initiative","author":"Griffith Asia Institute","date":"20 March 2024","format":false,"excerpt":"JING ZHANG AND\u00a0CHRISTOPH NEDOPIL\u00a0\u00a0| China's annual Two Sessions[i] opened on 4 March 2024 and lasted for seven days (typically, the two sessions last about ten days). 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Before intensifying criticisms of China\u2019s human rights, Australia should recognise that this can be a double-edged sword. On Friday 12 March, China and several other countries issued a\u2026","rel":"","context":"In &quot;Commentary&quot;","block_context":{"text":"Commentary","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/commentary\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/03\/australia-china-900x500-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/03\/australia-china-900x500-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/03\/australia-china-900x500-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/03\/australia-china-900x500-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":10441,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/cop28-brief-unpacking-chinas-stance-and-unravelling-implications\/","url_meta":{"origin":1942,"position":3},"title":"COP28 Brief: Unpacking China&#8217;s stance and unravelling implications","author":"Griffith Asia Institute","date":"23 January 2024","format":false,"excerpt":"JING ZHANG AND CHRISTOPH NEDOPIL\u00a0 |\u00a0Griffith Asia Institute Policy Brief | 20-MINUTE READ | Download PDF Introduction China has placed significant emphasis on COP28, hosting over 100 side events to present the country\u2019s propositions and share its concepts, practices and cutting-edge technologies in the environmentally sustainable and carbon-efficient transition. Considering\u2026","rel":"","context":"In &quot;Policy briefs&quot;","block_context":{"text":"Policy briefs","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/policy-briefs\/"},"img":{"alt_text":"Jing Zhang and Christoph Nedopil Wang's policy brief #COP28 analysis","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/01\/socials.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/01\/socials.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/01\/socials.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/01\/socials.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":10152,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/regional-outlook-ten-years-of-chinas-belt-and-road-initiative-bri-evolution-and-the-road-ahead\/","url_meta":{"origin":1942,"position":4},"title":"Regional Outlook | Ten years of China&#8217;s Belt and Road Initiative (BRI): Evolution and the road ahead","author":"Griffith Asia Institute","date":"18 October 2023","format":false,"excerpt":"CHRISTOPH NEDOPIL WANG\u00a0 |\u00a0 \u00a0Griffith Asia Institute and Green Finance and Development Center Joint Working Paper | 20-MINUTE READ | Download PDF Contents Introduction Greening of the BRI From largesse to small and\/but\/or beautiful\u00a0 Improved debt sustainability in the BRI From state-owned companies to private sector green field engagement International\u2026","rel":"","context":"In &quot;Green transition and development&quot;","block_context":{"text":"Green transition and development","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/green-transition-and-development\/"},"img":{"alt_text":"Griffith Asia Institute Regional Outlook cover 76 - 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