By Yukon Huang
March 30, 2015
Why China’s form of corruption is so unique — and how to address the problem.
China’s new leadership appears to be cautious on economic reforms but hard hitting on corruption. The campaign has the strong support of the public but its immediate economic implications are more mixed. Officials appear hesitant to make decisions and conspicuous consumption has declined — all of which have accentuated the current slowdown. These concerns raise questions about the role that corruption has played in shaping China’s development success over the past several decades.
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