BEIJING – 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”.regulatory crackdown on tech giants like Alibaba Group Holding Ltd. Mr Xi has made reining in 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 also served to weed out potential threats to his rule.a “political clique” led by former police official Sun Lijun,The message that graft cannot be allowed to thrive in the Chinese political system is one that Mr Xi delivers regularly.
Xi is one man. People against business in the CCP might find they are less powerful than they think they are. Money always corrupts and wins in the end. CCP is already on the fast track to inequality. Communism failed thanks to greed and no longer exists in China 🤣