Xi Vows ‘No Mercy’ as He Deepens Graft Fight in Key Sectors
- President puts finance, energy, infrastructure under spotlight
- Crackdown likely to spook industry leaders, stifle activity
Xi Jinping
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President Xi Jinping vowed to deepen an anti-corruption campaign spanning several critical sectors, a move that risks freezing spooked decision makers and hampering China’s fragile economic recovery.
The Chinese leader singled out the finance, energy, pharmaceutical and infrastructure sectors, as well as state-owned enterprises, as targets of fresh scrutiny at a meeting of the Communist Party’s anti-graft agency on Monday, according to state media.