Hearted Youtube comments on Asianometry (@Asianometry) channel.
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Yukon Huang has very interesting views on corruption in China. The issue that China has is that since the government is so involved in the economy, corruption actually allows companies to function more like if they were in a market economy, allowing more efficiency, more growth etc.
This means that almost everybody in China is involved in corruption. Party/government officials, corrupt. SOEs, corrupt. Large foreign firms, large Chinese firms, medium sized Chinese firms, and a good portion of small Chinese firms, all corrupt. So now the top levels of the CCP say 'No more corruption!' But everybody, including Xi and the PSC, knows that nothing will get done if people actually have to follow the letter of the law, so it just becomes a purge of those who are politically inconvenient, as well as a few of the most egregious cases of corruption regardless of politics in order to save face.
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