Liu Zhijun china railway minister Fan Rujun/ZumaPress

Graft or Growth in China?

China’s anti-corruption campaign has been widely touted as a key component of the deep structural reforms that the country needs to continue its development. But, in a country where government officials play a major role in promoting economic growth, will rooting out corruption undermine prosperity?

BEIJING – Chinese President Xi Jinping’s anti-corruption campaign, which has already brought down many high-ranking “tigers” in the government, has been widely touted as a key component of the deep structural reforms that China needs if it is to build a more sustainable, inclusive, and market-based economy. But worries abound that, in a country where government officials play a major role in promoting economic growth, rooting out corruption might undermine prosperity.

https://prosyn.org/bKKl2cT