My Blog
Business

China reportedly ousts defense minister after two-month absence

China reportedly ousts defense minister after two-month absence
China reportedly ousts defense minister after two-month absence


China’s former Minister of National Defense Li Shangfu salutes the audience on June 4, 2023.

Roslan Rahman | Afp | Getty Images

The Chinese government removed General Li Shangfu from the post of defense minister and state councilor without appointing a replacement, state media CCTV reported Tuesday.

His dismissal was announced was announced through an order of China’s legislative body, the National People’s Congress.

Li, who was appointed to lead China’s defense ministry during a broader cabinet reshuffle in March, has not been seen in public for the past two months, according to Reuters. Reuters also reported that Li, 65, faced a corruption probe over the procurement of military equipment — which CNBC could not independently confirm.

Li is the second high-profile minister from Xi Jinping’s administration to be silently removed amid a storm of speculation.

In July, Qing Gang — who was also stripped of his authority as state councilor on Tuesday — was dismissed after a one-month absence.

Ruxandra Iordache

Related posts

Paul Tudor Jones says he can not bring to mind a worse monetary atmosphere for shares or bonds presently

newsconquest

One simple investing move can set you up for huge returns and a minimal tax bill

newsconquest

Elon Musk tells Tesla employees to ignore stock market craziness

newsconquest