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Monday, January 30, 2023

Xi warns officials about ‘collusion’ with business

Chinese leader’s pep talk to graft-busters suggests crackdown on big business isn’t over

A woman walks her bicycle past the Tencent Holdings headquarters in Shenzhen, China. The country’s big tech companies have come under increased government scrutiny in recent years as the Communist Party believes they do not always use their power for the public good. (Photo: Bloomberg)

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 revive the economy.

“Action should be taken to prevent leading officials from acting for any interest group or…

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