Xi Warns China Officials to Avoid ‘Collusion’ With Big Business
- Leader warns against ‘infiltration of capital’ into politics
- Remarks signal tough approach to private sector isn’t over
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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.
“Action should be taken to prevent leading officials from acting for any interest group or power group, and to forestall any collusion between officials and businesspeople,” Xi told a meeting of anti-corruption regulators on Monday, according to the official Xinhua News Agency.