While Beijing is busy talking up stimulus and growth to global markets, locally it is busy sending an altogether different signal:
Chinese President Xi Jinping’s sweeping anti-corruption campaign has implicated a record number of senior officials for two straight years, highlighting the risks for bureaucrats and threatening to unsettle investors already anxious about the economy.
Chen Xiaobo, deputy chief of the provincial graft watchdog in Hainan, is being investigated for suspected “serious violations,” the Central Commission for Discipline Inspection said Thursday.
