Published: October 5th, 2021,
Last updated: October 5th, 2021
The International Consortium of Investigative Journalists has once again composed a magnificent piece of research. The so-called Pandora Papers expose the financial machinations of influential politicians and corporations. Thousands of Chinese are among the profiteers. Nico Beckert took a closer look at the data package and explains why Chinese companies, in particular, set up shell companies in offshore centers. Something particularly juicy: While President Xi Jinping is leading a great campaign against corruption, it becomes clear that China’s princelings are also more than happy to take advantage of the haziness of tax havens.