Xi Jinping’s Bank Purges Could Have a Negative Impact on China’s Economy

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Xi Jinping’s anti-corruption purges have swept through China’s financial sector, removing senior banking officials while increasing uncertainty for investors and exposing systemic weaknesses in state-directed lending. Photo courtesy of the Permanent Mission of the People’s Republic of China to the U.N.

China’s Central Commission for Discipline Inspection (CCDI) announced on July 19 that Ouyang Weimin, former president and deputy party secretary of the China Development Bank (CDB), is Read Entire Article

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