As he prepares to demit office, Prime Minister Manmohan Singh has written farewell letters to leaders of various countries, including US President Barack Obama, former Chinese Premier Wen Jiabao and Russian President Vladimir Putin.
Relatives of top Chinese leaders including President Xi Jinping and former premier Wen Jiabao have used offshore tax havens to hide their wealth, according to a mammoth investigation released Wednesday.
China on Tuesday dismissed the Pulitzer Prize winning New York Times story as a report published with "ulterior motives", which had accused former premier Wen Jiabao and his family of amassing a USD 2.7 billion wealth.
China hiked its defence budget by a whopping 10.7 per cent to USD 115.7 billion, dwarfing India`s current defence spending of USD 37.4 bn, amid the communist giant`s military ambitions and territorial disputes with neighbours.
A top Chinese official on Monday firmly ruled out opening up China`s one-party system for political reforms, which outgoing Premier Wen Jiabao had last year said was a dire necessity for the Communist giant`s future.