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Thursday, May 14, 2015

Corruption

Costs of corruption far outweigh benefits

Costs of corruption far outweigh benefitsPresident Xi Jinping's anti-corruption campaign, which has already brought down many"tigers" (corrupt high-ranking officials), has been widely touted as a key component of thedeep structural reforms that China needs if it is to build a more sustainable, inclusive andmarket-based economy. But worries abound that, in a country where government officialsplay a major role in promoting economic growth, rooting out corruption might undermineprosperity.

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