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China's Crackdown On Corruption May Now Be Weighing On Growth Chinese president Xi Jinping began a crackdown on corruption soon after he came to power. During the leadership transition in late 2012, outgoing president Hu Jintao had warned that corruption "could prove fatal to the party, and even cause the collapse of the party and the fall of the state." Xi took that message to heart. In 2013, efforts to end corruption targeted rooting out corrupt politicians and curbing gift giving and conspicuous consumption — this began to impact catering, sales of je...
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