Xi Vows ‘No Mercy’ as He Deepens Graft Fight in Critical Sectors
President puts finance, energy, infrastructure under spotlight
Crackdown likely to spook industry leaders, stifle activity
Bloomberg News
January 8, 2024 at 9:11 PM GMT+8
Updated on January 9, 2024 at 11:29 AM
President Xi Jinping vowed to deepen an anti-corruption campaign spanning several critical sectors, a move that risks freezing spooked decision makers and hampering China’s fragile economic recovery.
The Chinese leader singled out the finance, energy, pharmaceutical and infrastructure sectors, as well as state-owned enterprises, as targets of fresh scrutiny at a meeting of the Communist Party’s anti-graft agency on Monday, according to state media.
President puts finance, energy, infrastructure under spotlight
Crackdown likely to spook industry leaders, stifle activity
Bloomberg News
January 8, 2024 at 9:11 PM GMT+8
Updated on January 9, 2024 at 11:29 AM
President Xi Jinping vowed to deepen an anti-corruption campaign spanning several critical sectors, a move that risks freezing spooked decision makers and hampering China’s fragile economic recovery.
The Chinese leader singled out the finance, energy, pharmaceutical and infrastructure sectors, as well as state-owned enterprises, as targets of fresh scrutiny at a meeting of the Communist Party’s anti-graft agency on Monday, according to state media.