China Corruption Drive To Hit Short-Term Growth, But Help Long Term

China’s economic growth has moderated over the past five years thanks in part to the China corruption drive according to Barclays analysts David Fernandez and Dr. Jian Chang. [timeless] According to the duo, economic activity in China clearly moderated during Secretary General Xi Jinping’s first term. According to official NBS data, China’s GDP growth rate declined by 1.4 percentage points between the periods 2014-16 and 2011-13. Even though full-year 2017 growth beat market expectations, at 6.9% year-on-year, Fernandez and Chang note that this performance was still below the average growth rate registered in the preceding three years. China corruption drive good long term…