Chinese bureaucrats increasingly stay away from businesspeople
August 21, 2017 Category Macro-economy, Weekly
The Chinese Communist Party journal Qiushi (Seeking Truth) has warned that when bureaucrats stay away from business because they don’t want to be targeted in the anti-corruption campaign, the result is just as damaging as corruption itself. “It is a drag on economic development and it has led to missed growth opportunities,” the journal said. The business community has complained that it has become difficult to communicate with government officials, who can now be punished for accepting gifts or attending lavish banquets. Some bureaucrats were now simply unwilling to take the risk of interacting with businesspeople.
Recent News
- KURT VANDEPUTTE (UMICORE) APPOINTED CHAIRMAN OF THE BOARD OF THE FLANDERS-CHINA CHAMBER OF COMMERCE (FCCC)
- Webinar: “Knowing Your Chinese Partner” – May 26, 2021, 10 am – 12 am
- EMA starts rolling review of CoronaVac, WHO approves Sinopharm vaccine for emergency use
- The Global Times warns not to politicize the Comprehensive Agreement on Investment (CAI)
- Hainan to become biggest duty-free market in the world