Episode Details

Ouyang Weimin, former head of China’s state-backed China Development Bank, is now under investigation for serious violations of party and legal rules — a move signaling Beijing’s ongoing anti-corruption crackdown. Rising through China’s financial ranks since 1986, including stints at the People’s Bank and as Guangdong’s vice-governor, Ouyang took charge of the powerful development bank in 2019 — a role he held until 2023. His case underscores President Xi’s broader campaign to root out graft, with analysts debating whether it’s about systemic reform or political consolidation — but one thing’s clear: no one, not even the most powerful, is immune.

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