Chinese leader Xi Jinping has 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 boost the economy.
"Action should be taken to prevent leading officials from acting for any interest group or power group, and to forestall any collusion between officials and businesspeople,” Xi said at a meeting of anti-corruption regulators on Monday, according to the state-run Xinhua News Agency.
He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development.”