BEIJING: Hu Huaibang (pic), ex-chairman of the China Development Bank (CDB), has been expelled from the Communist Party of China (CPC) over serious violations of Party discipline and laws, the top anti-graft body announced on Saturday (Jan 11).
Hu, also former secretary of the CDB committee of the CPC, lost his ideals and convictions, and covertly refused to implement the Party's major decisions and plans in practice while appearing to be obedient, according to a statement issued by the CPC Central Commission for Discipline Inspection and the National Supervisory Commission.