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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World: Xi warns China officials to avoid ‘collusion’ with big businessChinese 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. Just like Mao ruined the economy!!
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Business Maverick: Wall Street Counting on Big Tech Rip Once Fed Eases HikesWall Street tech bulls are counting on the industry’s megacap stocks to move higher before long and jump start a rebound in the S&P 500.
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From garage to factory: Family trailer business gets R2m cash injection, sets sights on Africa | BusinessLucas Maluleke started Trailored, a small custom trailer company, in a Soweto garage in 2003. At the time, the business could build one new trailer every few three to four months - but has since expanded capacity to produce more than that each day. Well done you guys!!! Amazing!!
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