China's president says anti-graft drive gaining ground: Xinhua
[SHANGHAI] China's president Xi Jinping said on Tuesday that China's more than two year anti-corruption drive was showing good results and the Communist Party Central Committee remains determined to fight graft, the state news agency Xinhua reported Tuesday. "Party members should maintain confidence in the Communist Party of China Central Committee's anti-corruption volition," Mr Xi said at a meeting of China's anti-graft watchdog, the Central Commission for Discipline Inspection, according to Xinhua late on Tuesday.
The president added that anti-corruption efforts should not be relaxed in 2016.
Scores of top officials in the ruling Communist Party, the government, the military and state-owned companies have been brought down in a sweeping anti-graft campaign in the past three years since President Xi Jinping came to power.
Nonetheless some analysts have raised concerns that the ongoing anti-graft drive is contributing to already meager investment growth in China over the past year, as some officials are afraid to approve projects for fear of corruption accusations.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons