Commentary
Xi Jinping’s anti-corruption campaign targeting the real estate and banking sectors could be compensation for his failure to make good on campaign promises.
Nearly 5 million people—including Chinese Communist Party (CCP) officials, entrepreneurs, and ordinary citizens—have been caught in Xi’s anti-corruption probes. Xi rose to power through his anti-corruption campaign, which began in 2012.
Along the way, he promised the people economic prosperity, but the past two years have dampened that dream. He pledged a Belt and Road Initiative (BRI, also known as “One Belt, One Road”), which would connect the entire world. So far, it remains an incomplete string of over-budget, underperforming, and unfinished projects partially encircling the globe….