2011: Corrupt official exposed following railway disaster

In 2011, on the heels of a train crash that killed 40 people and stoked the public’s ire, Caixin revealed large-scale corruption in the building of the country’s high-speed rail system. The long story exposed the “broken system” in the Railways Ministry and in a subsequent issue, put the railways minister Zhang Shuguang on its cover and reported that he had purchased a luxury mansion near Los Angeles in 2002, when he was earning less than 300 USD a month. The minister was tried, accused of funnelling as much as 2.8 billion USD to overseas accounts.