China Reviews New Law to Extend Its Anti-Corruption Reach Abroad
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world China’s top legislature is reviewing a new draft law that would officially grant the authorities power to pursue cross-border corruption cases overseas, the latest sign that President Xi Jinping ’s sweeping anti-graft campaign could go global. The Standing Committee of the National People’s Congress started to consider the bill for its first reading during parliament’s current session, which runs from Tuesday to Friday, according to the official Xinhua News Agency. The full text of the legislation is yet to be made publicly available.