December 6, 2023

BEIJING (Reuters) – China will step up anti-corruption efforts at state-owned companies and the financial sector to boost its economic contribution, state news agency Xinhua said on Wednesday, citing a Politburo meeting chaired by President Xi Jinping. Gave report.

The comments by the Politburo, the ruling Communist Party’s top decision-making body, came a day after party inspection teams concluded investigations into dozens of state-owned enterprises.

“(We) need to promote those who do not dare, cannot and do not want to engage in corruption,” Xinhua said in a readout of the Politburo meeting.

“The meeting stressed that (we) should continuously enhance the…core competitiveness of state-owned enterprises, and…step up the efforts of financial enterprises to serve the real economy and national strategy. “

The Chinese government has faced turmoil with the disappearance of former Foreign Minister Qin Gang and Defense Minister Li Shangfu.

In China, investigations into suspected disciplinary violations are often announced after the disappearance of officials, but Beijing has not yet explained why Qin and Li remain out of the public eye.

Qin has been missing for three months and Li for one month.

Xi’s rule has been marked by a focus on national security risks within the party, government and big industries, along with tensions over Taiwan, the South China Sea and US export controls that target the Chinese military and advanced technology sector.

The Politburo was quoted as saying, “It is necessary to…establish a mentality of (willingness to) red lines and extremes, take effective measures to prevent and solve major risks, and firmly maintain the bottom line of security “

(Reporting by Ella Cao and Liz Lee; Editing by Barbara Lewis)


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