China will clean up “hidden risks” in sectors where “power is concentrated, capital is intensive and resources are rich,” Xi told the conclave, state broadcaster China Central Television reported. “There’s no turning back, no relaxing and no mercy in fighting corruption,” he said.
President Xi Jinping vowed to deepen an anti-corruption campaign spanning several critical sectors, a move that risks freezing spooked decision makers and hampering China’s fragile economic recovery.
The Chinese leader singled out the finance, energy, pharmaceutical and infrastructure sectors, as well as state-owned enterprises, as targets of fresh scrutiny at a meeting of the Communist Party’s anti-graft agency on Monday, according to state media.
