Chinese leader Xi Jinping warned officials against colluding with the business world, underscoring that his government’s crackdown on the private sector will remain a concern for investors despite efforts to boost the economy.
He also warned against “any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development”. Xi has made stamping out graft a central aspect of his leadership of the world’s second-biggest economy over the past decade. That approach has been popular with the public and served to weed out potential threats to his rule. The campaign has ensnared about 4.7-million officials, theLast year, anticorruption officials broke up what they called a “political clique” led by former police official Sun Lijun, who was sentenced to what amounts to life in prison for taking bribes and other crimes.
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