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CX Daily: China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender

Published: Jul. 24, 2026  9:00 a.m.  GMT+8
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$18 Million in Bribes: The Double Life of a Chinese Financial Official

A mid-level official at China’s foreign exchange watchdog allegedly amassed 120 million yuan ($18 million) in bribes while living a cinematic double life — even renting a dilapidated home to hide his wealth from his superiors, according to an internal warning film and sources familiar with the matter.

China Offers Brand-Name Drugmakers a Lifeline in Bulk-Procurement Tender

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