Chinese police handle 159,000 economic crime cases in 2019

BEIJING - Public security organs across China filed and investigated around 159,000 cases of economic crimes in 2019, recouping over 100 billion yuan ($14 billion) of economic losses, according to the Ministry of Public Security.

In recent years, China has seen rampant economic crimes, with new methods of operations emerging, an official with the ministry said.

Chinese police have strengthened cracking down on economic crimes including illegal fundraising and tax-related offenses and intensified hunting for fugitives of economic crimes overseas, the official added.