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Global Times: China enhances village inspection to crack down on corruption at grassroot level as anti-graft campaign enters uncharted water

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BEIJING, Dec. 9, 2024 /PRNewswire/ — “We must carry out village inspections in a solid and in-depth manner to promote the resolution of grassroots issues and problems affecting the masses,” China’s anti-graft chief Li Xi said at a symposium recently held on advancing village inspection work.

Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Central Commission for Discipline Inspection (CCDI), stressed at the symposium on November 20 that village inspection is an inevitable requirement to promote the comprehensive and strict governance of the CPC to extend to grassroots levels and further crack down on the irregularities and corruptions on the people’s doorsteps.

Conduct village inspections well is a strong guarantee for consolidating and expanding the achievements of poverty alleviation, promoting comprehensive rural revitalization, and better advancing the construction of Chinese modernization. It is also an important measure to further strengthen the construction of grassroots Party organizations and improve grassroots governance capabilities and levels, Li said. 

About a month ahead of the symposium, the CPC CCDI and the National Commission of Supervision (NCS) unveiled on its website that from January to September this year, 77,000 current or former village Party chiefs and heads of village committees had been investigated by discipline inspection and supervision agencies across China. The number during the same period in 2023 was 46,000 and the number of the year of 2023 was 61,000, according to the website. 

In an editorial published on November 25 on the website of the CCDI and NCS, it said data and public sentiment serve as a mirror, reflecting both the significant progress made in combating corruption of “small flies” and the fact that the existing corruption has not been fully eradicated. It indicated that efforts to tackle such corruption still need to be strengthened.

While addressing the third plenary session of the 20th CPC CCDI in January, Xi Jinping, general secretary of the CPC Central Committee, also Chinese president and chairman of the Central Military Commission, called for advancing the Party’s self-reform and winning the tough and protracted battle against corruption, according to the Xinhua News Agency. 

After persistent anti-corruption efforts over the past 10 years of the new era, an overwhelming victory has been achieved in the fight against corruption, with the gains fully consolidated, Xi said. “But the situation remains grave and complex.”

“We should be fully aware of new development in the fight against corruption and the breeding grounds and conditions for corruption,” Xi said, urging more efforts to win the tough and protracted battle.

‘Flies’ on people’s doorsteps 
As the largest Marxist governing party in the world, the CPC never lacks the grit to stay alert and tackle the challenges that a large party like it faces. The Party’s endeavor for strict self-governance is one of the most prominent examples, according to experts and an official involved in anti-corruption work interviewed by the Global Times.

From keynote speeches to daily conversations by grassroots members, many easy-to-understand phrases are used by the leadership to explicate the effort and call for more: “Take out tigers,” “swat flies,” and “hunt down foxes.”

The three phrases refer to the anti-corruption actions against high-ranking officials, low-ranking officials, and fugitive officials that fled overseas. Since the 18th CPC National Congress in 2012, the Party has further given full play to the role of full and strict Party self-governance, and waged a battle against corruption on a scale unprecedented in history.

The Party Central Committee has also made clear requirements to promote comprehensive coverage of inspections, extend municipal and county inspections to grassroots levels, and strengthen inspections at village level.

The newly revised regulations on inspection work have for the first time included village (community) Party organizations within the scope of county-level inspections. A five-year work plan of the Central Anti-Corruption Coordination Group from 2023 to 2027 explicitly requires strengthening inspections of village (community) Party organizations, according to a statement published by the CCDI and NCS on November 25.

Data from the Chinese Ministry of Civil Affairs showed that as of 2022, a total of 607,000 grassroots mass organizations had been established in the country, including 489,000 village committees, 3.929 million villagers’ groups, and 2.154 million members of village committees. 

In April this year, the CCDI and NCS rolled out a nationwide campaign against irregularities and corruption on the people’s doorsteps. 

Zhuang Deshui, a deputy director of the Research Center for Government Integrity-Building at Peking University, told the Global Times that the corruption of village Party officials relates to the interests that are most concerning, direct and realistic for the masses. This corruption at grassroots level directly affects the people’s sense of gain, happiness, and security, undermining the Party’s governing foundation and the long-term stability of the country.

Zhu Lijia, a professor at the Chinese Academy of Governance, said that the number of village officials under investigation in the first nine months does not indicate a worsening of corruption in Chinese villages. Instead, it reflects a strengthened commitment to combat corruption among “small flies.”

The Global Times searched on the CCDI and NCS website and discovered that the disclosure of the number of current or former village Party officials under investigation commenced in 2023.

Such disclosure not only showcases the significant achievements in anti-corruption efforts at grassroots levels, but also allows the public to feel that comprehensive and strict governance of the Party is present in their lives, thereby boosting the public’s confidence in the anti-corruption campaign, Zhuang said. 

A journey to which there is no end 
Zhu noted that in developed areas, corruption among village officials was mainly found in fields such as education, land acquisition and demolition. While in less developed areas, corruption among village officials was often discovered on areas related to resources invested by the country, such as the embezzlement of poverty alleviation funds and agricultural subsidy funds.

An official in the discipline inspection and supervision agency of a county in East China’s Fujian Province told the Global Times on condition of anonymity that it is hard to detect “flies,” as the amounts of money involved in these cases could be quite small. 

Typically, the process depends on the public to submit reports. Therefore, village inspections play a crucial role, as the inspection team meticulously reviews village accounts, leading to the exposure of numerous cases during this process, according to the official.

Zhuang explained that the reason behind is that the supervisory and regulatory systems at the village level are still not well established or have certain delays, leading to a loss of control over the management and use of village collective funds.

Fraudulent claimant of subsidies to villagers is another type of corruption at grassroots level. “With the increasing intensity of national fiscal transfer payments and the rise in agricultural subsidies from the government, some village officials have been found to embezzle, intercept, or fraudulently claim national funds allocated for poverty alleviation, resettlement, disaster relief, housing renovation subsidies, land compensation, and other purposes, thereby infringing upon the interests of the people,” Zhuang said.  

“The issue of power rent-seeking is also worthy of attention. In particular, during the contracting of village-level projects and the allocation of resources, village officials were found to exploit their power to seek personal gains for themselves and their relatives, friends and acquaintances, competing with the interests of the people,” said Zhuang.

A commentary article published on the CCDI and NCS website in December 2023 highlighted the problem of lacking supervision on village officials serving multi-positions. 

“Some village officials, especially those who hold multiple positions, have the final say in discussions, decisions, and actions regarding village affairs. The lack of effective supervision and restraint mechanisms thus became a reason for the occurrence of disciplinary and legal violations among village officials,” read the article. 

In a case unveiled by the provincial ant-corruption authorities in Southwest China’s Yunnan Province in July, Liao Changran, former Party chief and village committee head of Qimuzhai village in Lianghe county, in collusion with other members of the village committee, inflated meeting meal expenses and issued false meeting meal invoices to fraudulently obtain financial funds and village collective funds from January 2021 to December 2023. They also illegally distributed transportation subsidies totaling 36,800 yuan ($5,061), of which Liao personally received 27,500 yuan. Liao was punished in June.  

Experts have called for the improvement of grassroots supervision system and the establishment of grassroots disciplinary inspection and supervision institutions to extend supervisory efforts to the “last mile” to address corruption issues at the village level.

Zhuang calls for the improvement of the grassroots supervision system, suggesting that supervisory authorities establish specialized supervisory agencies at the village level, which would serve as dispatched institutions of higher-level supervisory authorities, to conduct disciplinary and supervisory oversight of village officials. This setup can effectively address the challenges of inadequate supervision or lack of oversight of grassroots personnel, and it is also beneficial for promptly investigating and deterring their corrupt behaviors through supervisory methods. 

Zhu stressed the significance to improve self-governance system in villages and hone villagers’ self-governance ability. “The rights of villagers to take participation in the decision and management of village affairs and oversee village officials should be fully guaranteed,” Zhu noted.  

It is always highlighted by the Party that full and rigorous self-governance is an unceasing endeavor and that self-reform is a journey to which there is no end, Zhu noted. “Fighting corruption on people’s footstep not only purifies the political ecology at the grassroots level, but also brings tangible benefits to the people, enhancing their confidence, trust, and reliance on the Party.”

 

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SOURCE Global Times

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Payroc Partners with Biller Genie to Streamline Accounts Receivable for QuickBooks Merchants

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New Integration with Payroc Gateway Enhances Payment Solutions and Reduces Processing Costs

TINLEY PARK, Ill., Jan. 13, 2025 /PRNewswire-PRWeb/ — Payroc, a leading payments technology company, has announced a strategic partnership with Biller Genie, a cloud-based accounts receivable automation platform, to offer QuickBooks merchants a more streamlined payment experience. This integration with the Payroc Gateway provides an all-in-one invoicing and payment solution, automating the accounts receivable process while delivering cost savings through RewardPay Choice, Payroc’s compliant surcharge program.

This integration with the Payroc Gateway provides an all-in-one invoicing and payment solution, automating the accounts receivable process while delivering cost savings through RewardPay Choice, Payroc’s compliant surcharge program.

Through this partnership, QuickBooks merchants can automate their invoicing and payment collection processes, resulting in enhanced efficiency, reduced manual tasks, and accelerated payment processing. This collaboration not only elevates merchant operations but also empowers Payroc’s sales partners with a comprehensive solution that combines automation with significant cost savings. Together, we are committed to transforming the accounts receivable experience.

“By integrating with Biller Genie, we’re providing a complete accounts receivable solution to our sales partners and their merchants,” said James Derby, EVP of Product Commercialization at Payroc. “This partnership will help merchants automate key processes, save on processing fees, and focus on growing their business.”

The integration provides several advantages for QuickBooks merchants, including automated invoicing, payment reminders, and collections, which reduces manual data entry and saves time. With Payroc’s RewardPay Choice, merchants can further lower their processing fees by passing a portion of the costs to customers through a compliant surcharge program.

“We are excited to partner with Payroc and bring this solution to QuickBooks users,” said Garima Shah, President of Biller Genie. “This integration with the Payroc Gateway allows merchants to automate their accounts receivable process, giving them more time to focus on running their business instead of administrative tasks and get paid faster.”

This partnership supports Payroc’s mission to provide innovative payment solutions while expanding its presence in the U.S. card-not-present (CNP) market. QuickBooks merchants can now utilize Payroc to benefit from lower processing rates, efficient invoicing, and a more streamlined accounts receivable process.

For more information, please visit: https://payroc.com/solutions/gateway/

About Payroc:
Payroc is a leading provider of integrated payment solutions, empowering independent software vendors (ISVs) and businesses worldwide to turn complex payment challenges into revenue-driving opportunities. With vertically tailored solutions that deliver competitive advantages, Payroc enhances customer value and consumer convenience through a consultative, partner-centric approach. Processing over $115 billion annually for more than 190,000 merchants globally, our high-growth platform combines advanced payments technology with unified commerce solutions to support scalability and growth.

Media Contact

Yosselin Nunez, Payroc, 1 (888) 477-4500, yosselin.nunez@payroc.com, https://payroc.com/

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LeapXpert Recognized as a Visionary in Inaugural Gartner® Magic Quadrant™ for Digital Communications Governance & Archiving (DCGA)

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NEW YORK, Jan. 13, 2025 /PRNewswire/ — LeapXpert, the responsible business communication pioneer, today announced that it has been recognized as a Visionary in the first Gartner Magic Quadrant for Digital Communications Governance & Archiving (DCGA).

 

LeapXpert’s flagship offering, The LeapXpert Communications Platform, provides an innovative and comprehensive DCGA solution, catering to enterprises seeking robust, scalable communication governance and compliance.

Digital Communications Governance and Archiving solutions (DCGA) are designed to enforce corporate governance and regulatory compliance across a growing number of digital communication tools available to employees.

Dima Gutzeit, Founder & CEO of LeapXpert, shared his thoughts on the recognition:

“We believe being named a Visionary in the Gartner inaugural Magic Quadrant for DCGA validates the innovation and dedication that drive our platform and team. In our eyes, this underscores our commitment to empowering enterprises to maintain governed, compliant, and efficient communication in an increasingly complex digital landscape.”

“We believe this recognition reflects the growing need for organizations to bridge the gap between convenience and governance in digital communication,” added Avi Pardo, Co-founder & CBO. “We feel our platform is at the forefront of solving this challenge, and we are proud to be a trusted partner for Fortune 500 companies and enterprises worldwide.”

This recognition comes shortly after LeapXpert was named one of the fastest-growing tech companies in North America, ranking 14th in New York City on the Deloitte Fast 500 list, and recent recognition at the UC Awards, where it won Best Unified Communications Platform under $250M for 2024.

Download the report here.

Gartner, Magic Quadrant for Digital Communications Governance and Archiving Solutions, Michael Hoeck, Jeffrey Hewitt and Rizvan Hussain, January 8, 2025.

Gartner Disclaimer

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

LeapXpert, the responsible business communication pioneer, provides enterprises with peace of mind through governed, compliant, and secure communication solutions. The LeapXpert Communications Platform enables governed and efficient communication between employees and clients through consumer messaging channels, while boosting productivity and decision-making with Communication Intelligence. The company is headquartered in New York, with offices in London, Tel Aviv, and Asia. Hundreds of enterprise customers, with hundreds of thousands of users in more than 45 countries, depend on LeapXpert daily for Digital Communications Governance & Archiving (DCGA) solutions. For more information, visit www.leapxpert.com.

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SOURCE LeapXpert

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Metaverse Wallets Market to Reach $32,310 Million by 2030, Driven by Blockchain and Mobile Wallet Growth | Valuates Reports

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Metaverse Wallets Market is Segmented by Type (Desktop Wallet, Online Wallet, Mobile Wallet, Hardware Wallet, Paper Wallet), by Application (Commercial, Individual).

BANGALORE, India, Jan. 13, 2025 /PRNewswire/ — The Global Metaverse Wallets Market was valued at USD 7697 Million in 2023 and is anticipated to reach USD 32310 Million by 2030, witnessing a CAGR of 22.5% during the forecast period 2024-2030.

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Major Factors Driving the Growth of Metaverse Wallets Market:

The Metaverse Wallets market is set for significant growth, driven by the expanding metaverse ecosystem and the increasing need for secure and efficient digital financial tools. As the metaverse evolves into a fully immersive virtual environment, the integration of advanced technologies such as blockchain, artificial intelligence, and decentralized finance (DeFi) enhances the functionality and appeal of metaverse wallets.

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TRENDS INFLUENCING THE GROWTH OF THE TRENDS INFLUENCING THE GROWTH OF THE METAVERSE WALLETS MARKET :

Mobile wallets are pivotal in driving the growth of the Metaverse Wallets market by providing users with seamless and convenient access to their digital assets within virtual environments. These wallets enable easy transactions, secure storage, and efficient management of cryptocurrencies and non-fungible tokens (NFTs) directly from mobile devices. The widespread adoption of smartphones and the increasing reliance on mobile applications for financial transactions have accelerated the integration of mobile wallets into the metaverse. Additionally, mobile wallets offer user-friendly interfaces and advanced security features, enhancing the overall user experience and fostering trust among users. As the metaverse expands and more users engage in virtual economies, the demand for robust mobile wallet solutions continues to rise, thereby propelling the growth of the Metaverse Wallets market.

Online wallets are instrumental in driving the growth of the Metaverse Wallets market by offering accessible and flexible solutions for managing digital assets within virtual spaces. These wallets operate through web-based platforms, allowing users to access their funds and conduct transactions from any internet-connected device. The convenience of online wallets facilitates real-time transactions, enabling users to participate actively in the metaverse’s dynamic economy. Furthermore, online wallets often integrate with various metaverse platforms, providing interoperability and ease of use across different virtual environments. The scalability and adaptability of online wallets make them suitable for a wide range of users, from casual participants to serious investors. As the metaverse continues to evolve, the reliance on online wallet solutions grows, driving the expansion of the Metaverse Wallets market.

Individuals play a crucial role in driving the growth of the Metaverse Wallets market by being the primary users and adopters of these digital financial tools. As more people engage with the metaverse for social interaction, gaming, and commerce, the need for secure and efficient wallet solutions becomes essential. Individuals seek metaverse wallets to store, manage, and transact their digital assets, including cryptocurrencies, NFTs, and virtual goods. The increasing awareness and understanding of blockchain technology and digital finance among the general population further boost the adoption of metaverse wallets. Additionally, the desire for ownership and control over digital assets motivates individuals to invest in metaverse wallets, fostering a robust user base and driving market growth. The continuous expansion of individual participation in the metaverse underscores the importance of metaverse wallets in facilitating seamless digital interactions and transactions.

Metaverse wallets incorporate advanced encryption techniques and multi-factor authentication to safeguard against unauthorized access and cyber threats. The increasing incidents of digital fraud and theft in virtual environments highlight the need for secure wallet solutions that ensure the integrity and confidentiality of user data. Additionally, privacy features that allow users to control their personal information and transaction history enhance trust and confidence in metaverse wallets. This in turn will drive the Metaverse Wallets market growth.

Integration with blockchain technology is a key factor driving the growth of the Metaverse Wallets market, as it enhances the transparency, security, and efficiency of digital transactions. Blockchain provides a decentralized and immutable ledger that ensures the authenticity and traceability of transactions conducted through metaverse wallets. This integration facilitates seamless peer-to-peer transactions, smart contract execution, and decentralized finance (DeFi) applications within the metaverse. The use of blockchain also reduces the reliance on intermediaries, lowering transaction costs and increasing the speed of asset transfers. Additionally, blockchain’s inherent security features protect against fraud and tampering, making metaverse wallets more reliable and trustworthy.

User experience is a critical factor driving the growth of the Metaverse Wallets market, as it directly impacts user adoption and satisfaction. Metaverse wallets are designed with intuitive interfaces and seamless navigation to ensure that users can easily manage their digital assets and perform transactions within virtual environments. Features such as one-click transfers, customizable dashboards, and real-time notifications enhance the usability and functionality of metaverse wallets.

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METAVERSE WALLETS MARKET SHARE:

North America leads the market, driven by its advanced technological landscape, high adoption rates of blockchain and cryptocurrency technologies, and significant investments in metaverse development by major tech companies.

Europe follows closely, with strong regulatory support, a growing number of blockchain startups, and increasing interest in virtual economies and digital assets.

The Asia-Pacific region is experiencing rapid growth, fueled by the expanding gaming industry, rising smartphone penetration, and substantial investments in metaverse platforms in countries like China, South Korea, and Japan.

Key Companies:

EnjinCoinbaseMath WalletCoinomiTrust WalletConsenSys(Metamask)Alpha Wallet

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Metaverse Market

Development Trends and Application Analysis of the Metaverse

Metaverse Games Market was estimated to be worth USD 125 Million in 2023 and is forecast to a readjusted size of USD 2016.1 Million by 2030 with a CAGR of 48.5% during the forecast period 2024-2030.

Metaverse Cybersecurity market was valued at USD 1260 Million in 2023 and is anticipated to reach USD 2832.4 Million by 2030, witnessing a CAGR of 11.3% during the forecast period 2024-2030.

Metaverse Devices and Accessories Market

Metaverse Virtual Platform market was valued at USD 1221 Million in 2023 and is anticipated to reach USD 3305.7 Million by 2030, witnessing a CAGR of 15.3% during the forecast period 2024-2030.

5G Network for Metaverse Market

Metaverse in Intelligent Healthcare Market was estimated to be worth USD 1153 Million in 2023 and is forecast to a readjusted size of USD 4798.3 Million by 2030 with a CAGR of 22.6% during the forecast period 2024-2030.

Agricultural Metaverse Market

NFTs in Metaverse Market was estimated to be worth USD 242 Million in 2023 and is forecast to a readjusted size of USD 1158.9 Million by 2030 with a CAGR of 25.9% during the forecast period 2024-2030.

Industrial Metaverse Market was estimated to be worth USD 10250 Million in 2023 and is forecast to a readjusted size of USD 723700 Million by 2030 with a CAGR of 95.4% during the forecast period 2024-2030.

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