Posted 1/9/2024, 10:39:11 AM
Xi Jinping Vows to Keep Clamping Down on Corruption in China
- Xi Jinping vows to intensify anti-corruption campaign by going after "flies and ants", lower level corruption
- Focus will be on power-concentrated, capital-intensive, and resource-rich sectors like finance, energy, infrastructure
- Aims to tackle "hidden risks" and increase punishment for bribery
- Comes after recent shake-ups and oustings of top business leaders at major state-owned firms
- Sends message that crackdown won't be ending anytime soon amid China's economic slowdown