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World: Xi warns China officials to avoid ‘collusion’ with big business

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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.

“Action should be taken to prevent leading officials from acting for any interest group or power group, and to forestall any collusion between officials and businesspeople,” Xi told a meeting of anti-corruption regulators on Monday, according to the official Xinhua News Agency.

Xi’s government has recently eased up on a regulatory crackdown on tech giants like Alibaba Group Holding and Tencent Holdings, helping their shares rebound. Yet questions remain over how far that approach will go given Xi has also pledged to ensure “common prosperity”, in part by reining in wealthy special interests.

Last year, the anti-corruption 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. the country had achieved an “overwhelming victory” in its battle against corruption but added that the work was “far from over.”Xi’s latest call to continue with the campaign comes as his government abandons its Covid-Zero approach toward the coronavirus. On Sunday, China opened borders that had been largely closed for nearly three years, after earlier doing away with quarantine camps, mass testing and snap lockdowns.

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Just like Mao ruined the economy!!

日本 最新ニュース, 日本 見出し

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