Panama Papers Lay Bare China’s Corruption, Environmental Woes

by Global Risk Insights
Financial Sense

The fallout from the Panama Papers has landed in China, throwing doubts on President’s anti-corruption campaign and revealing a continued disregard for environmental regulations.

The Panama Papers have shaken political figures around the world, among them being none other than the governmental elite of China. As governments sought to manage the fallout, Beijing was doing what it does best whenever viral topics damage the party’s image. Within less than 48 hours, any reference to the Panama papers was deleted or blocked in mainland China. Even by the standards of the “Great Firewall of China,” the speed at which this occurred was impressive.

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