China’s Fortunes
Face-Off: The U.S. vs China
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Impact of Anti-Corruption Measures on Public Sector and Growth
The anti-corruption measures in China have resulted in numerous Communist Party employees being charged, leading to a significant change in public sector spending. The extravagant spending on activities like dining and entertainment has been curbed, with a visible shift towards budget-friendly lunches. This change has fostered popular support but also raised concerns about potential instability and opposition. Moreover, the emphasis on monitoring and accountability due to anti-corruption efforts may have reduced incentives for local officials to drive growth through innovation and entrepreneurship.
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