Curbing Chinese Corruption
Chinese President Xi Jinping’s anti-corruption drive is prompting a reconsideration of the impact of graft on the country's economy. In view of China's economic transformation and deeper integration in the world economy, curbing corruption has now become necessary to sustain high economic growth.
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WASHINGTON, DC – When political scientists argue that corruption can sometimes help an economy grow, they have in mind a country like China. In an economy where several sectors are still shackled by pervasive regulations and controls, the payment of bribes in exchange for government permits can sometimes restore some semblance of a free market.