Sunday, February 07, 2010

Discipline and punish

The Economist has a very good article about the structures of
Power in China. The below paragraph is intersting. I wonder
If there are translational or cultural difficulties...because
"Head of discipline" sounds rather ominous.

Something like four-fifths of the assets in the banking system are controlled by 17 institutions. In many ways, China Development Bank is easiest for an outsider to understand. It is vast, run by a powerful government official, Chen Yuan (son of Chen Yun, one of the “eight immortals” who created modern China), and supports projects that the government favours. Most of the other big banks are not explicitly run by the government, but regulators attend board meetings and senior management often includes a person with the title “head of discipline”, who represents the Communist Par

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