Asia

China to step up anti-graft efforts for better economic development, says Xinhua

BEIJING: China will step up anti-corruption efforts in state-owned companies and the financial sector to increase their economic contributions, state news agency Xinhua reported on Wednesday (Sep 27), citing a politburo meeting chaired by President Xi Jinping.

The remarks from the politburo, a top decision-making body of the ruling Communist Party, come a day after party inspection teams concluded investigations into dozens of state-owned enterprises.

“(We) need to … promote those who do not dare to, cannot and do not want to (engage in) in corruption,” the Xinhua readout of the politburo meeting said.

“The meeting emphasised that (we) should continuously enhance the … core competitiveness of state-owned enterprises, and … increase the efforts of financial enterprises to serve the real economy and national strategy.”

The Chinese government has experienced a turbulent time with the disappearance of former foreign minister Qin Gang and defence minister Li Shangfu.

The vanishing of officials in China is often followed by the announcement of investigations into suspected disciplinary infractions, but Beijing has yet to explain why Qin and Li remain out of public sight.

Qin has been missing for three months and Li for one month.

With tensions over Taiwan, the South China Sea and United States export controls that target the Chinese military and advanced tech sector, Xi’s rule has been marked by a focus on national security risks within the party, government and large industries.

“It is necessary to … establish a mentality of red lines and (willingness) to be extreme, take effective measures to prevent and resolve major risks, and firmly maintain the bottom line of safety,” the politburo was quoted as saying.

Source: CNA

Donate to Breeze of Joy Foundation

Global NewsX

Global NewsX is a news sharing website that offers a wide range of categories, from politics and business to entertainment and sports. With its easy-to-navigate interface, users can quickly find the news they are looking for and stay up-to-date on the latest global events. Whether you're interested in breaking news, in-depth analysis, or just want to stay informed, Global NewsX has got you covered.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Home
Videos
Back
Account