Failure of Chinese Corruption Crackdown Will Impact U.S. Economy
Chinese President Xi Jinping’s public crackdown on corruption has captivated Western media, leading to sensational stories like recent reports that golf club membership is among the newly announced list of prohibited activities for Communist Party members. The ongoing anti-corruption effort could have significant impact for the United States given the close economic ties between our two nations. Unfortunately, it is likely to prove more show than substance unless officials get serious about addressing the corruption’s root causes.
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