CCTV Executives May Have Crossed a Fuzzy Line
(Beijing) -- The blurry boundary that separates advertising offices and content production at China's powerful broadcaster CCTV may have encouraged racketeering by a group of top executives.
The racket of undisclosed proportions is now at the center of an anti-corruption investigation targeting several executives including Guo Zhenxi, director of the state-owned TV network's finance and economics channel CCTV2, and Tan Liwu, one of the channel's producers.
- WeChat 'Glitch' Allows Family to Raise over 2 Million Yuan in 80 Minutes
- China's VAT Rebate Reform Aims to Boost Local Government Fiscal Strength
- Share Splits Raise Stock Market Suspicions
- China Faces Severe Coal Transport Capacity Shortage
- Audi Scraps Plans for New China Dealer Network
- Regions Found to Have 'Critical' Heavy Metal Emissions Now Clean Up Act
- Official PMI Spikes as Producer Prices Rise, Exports Surge
- China Adds 10% Consumption Tax for Superluxury Cars
- News Calendar, December 5-11
- Caixin's Manufacturing Indicator Dips to 50.9 in November
- Sign up to receive our free daily newsletter