Analysts See China’s Anti-Graft Drive Sapping Economy

As China presses forward with a wide-ranging anti-corruption drive, economists and financial professionals say its impact on the broader economy is already starting to be felt. They say the climate the anti-corruption crusade is creating is not only sapping productivity, but hurting business. “There is this worry that people, especially in state-owned enterprises, are just sort of cruising,” said Jeffrey Towson, professor of investment at the Guanghua School of Management...

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