Xi has been purging various institutions, the People’s Liberation Army (PLA) is not immune.

I saw this earlier:

• Liu Liange, former Party chief and chairman of Bank of China, was sentenced to death with a two-year reprieve in a first-instance trial on Tuesday for accepting large sums in bribes. (Global Times)

This article was written by Eamonn Sheridan at www.forexlive.com.