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China paying for corruption crackdown
By Michael Lelyveld
China's widening anti-corruption campaign has unsettled officials at all
levels, stalling the government's economic agenda and administrative
reforms, experts say.
The mounting toll of probes, prosecutions and punishments for offenses
ranging from bribery to moral misbehavior has sent officials running for
cover, slowing implementation of new economic policies to a crawl.
Local bureaucracies are "effectively on strike", wrote forbes.com
contributor Gordon Chang, quoting John Fitzgerald, director of the
Asia-Pacific Center of Australia's Swinburne University of Technology.
Deals and decisions have reportedly been delayed by officials who are
afraid to issue approvals or disapprovals in the absence of a safe
political course.
"In this environment, those in government feel endangered," Chang wrote.
"While all this happens, economic activity is beginning to suffer," he
said.
There may be no way of estimating the economic impact of the corruption
crackdown since President Xi Jinping took over as general secretary of
the ruling Chinese Communist Party in November 2012. But disincentives
for risk-taking have risen at a time when the government has called for
market-oriented reforms.
One reason is the growing scope and sheer volume of anti-graft cases, convictions and party expulsions this year.
Although official tallies do not necessarily jibe, the counts of corruption cases suggest punishments on a colossal scale. More …
Reprinted with the
permission of Radio Free
Asia. For original article, see here
Copyright (c) 2014, Radio Free Asia.
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