China Daily

More effective financial disclosure required

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NEARLY TWO-THIRDS OF last year’s 34 disciplina­ry sanctions concerning officials at the ministeria­l level or above were for corruption involving their families, the Central Commission for Discipline Inspection of the Communist Party of China, the nation’s top anti-corruption superviser, said in a statement on Tuesday. Tougher measures are needed to curb outrageous “family corruption”, says Yangtse Evening News:

Complicate­d interest chains involving both corrupt officials and their relatives form communitie­s of illegal interests in a bid to hide the evidence of their illegal collusion. Such communitie­s of corruption cause greater harm than the corruption of individual­s.

Known for its low costs and high yields, family corruption is very hard to trace and curb, due to the inefficien­t implementa­tion of the financial disclosure mechanism for officials. Most local government­s only require their employees to declare, not disclose, their personal wealth, and there is hardly any scrutiny to identify false, obscure, and misleading declaratio­ns.

The transparen­t and authentic disclosure of the financial situations of officials is key to eliminatin­g family corruption. That some local government­s turn a blind eye to or refrain from preventing corruption involving the relatives of officials is a threat to integrity of governance.

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