What Is the Effect of the Anti Corruption Campaign?

The anti corruption campaign would attack many of the elements of this business state collusion, which you describe fixed capital firms as utilizing to lower their effective tax rates. The officials in businesn are no longer like openy, go to banquets and openly bribing with each other. And they especially from the official side. They are sort of paralysed, and they would rather not make mistakes and be safe. That has the effect that sort of curtail the availability of he stragegy of networking and bribing between statid business and make so it makes what we observe about advantage of the fixed acit firms, less salient.