it’s said because of the economy problem.
and also something related with the richest man in chian named Huang Guang Yu
maybe there will be a earchquake in the economy of shenzhen, because the economy problem existed in the real estate and the subway, I heard many real estate developer are ready to run out of china.
HONG KONG — The mayor of China’s southern boomtown of Shenzhen is being investigated in a growing graft probe linked to the billionaire head of the GOME electronics retail chain, a newspaper reported on Saturday.
Xu Zongheng had been put under shuanggui — a form of detention imposed on party officials, given his alleged links to Huang Guangyu, the founder of GOME and once ranked China’s richest man, the South China Morning Post reported citing several unnamed sources.
“It [his detention] must have something to do with economic irregularities … but it could also have something to do with a power struggle,” a government source was quoted as saying by the Post.
Corruption investigations in China can be proxies for political struggles.
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