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Friday, July 19, 2024

Xi supports Billionaires + Fights Corruption

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Graham Perry
Graham Perry
Experienced Arbitration Lawyer | China & Chinese Business Affairs | Public Speaker/Lecturer.

“Mao saved the Country. Deng saved the Economy. Xi saved the Party”.

The strength of the Party has always come from the support it received from the People but corruption was beginning to undermine that support and Xi needed to act. He did – relentlessly.

Money corrupts + big money corrupts big time. A government has two tools at its disposal – persuasion + prosecution. The Party + the People have to be selfless not selfish; committed to serve the nation whilst, quite properly, allowing people to grow their own private property; turning their back on corruption and staying clean.

This task still remains vital. Officials must be dealt with severely if they receive suitcases of foreign currency.
China has taken a sensible risk in permitting growth of billionaires. The country benefits but the same billionaires have to be held in check and any officials willing to accept bribes to help a corrupt businessmen need to be hauled before the courts. Vaccine promotion is big money. It is prone to corruption. China cannot turn a blind eye.

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