China’s Xi signals he’ll press on with fight against graft

In this image taken from video footage run by China's CCTV, Chinese President Xi Jinping speaks during a formal memorial for the late former Chinese President Jiang Zemin at the Great Hall of the People in Beijing on Tuesday, Dec. 6, 2022. (CCTV via AP)

BEIJING (Bloomberg): Chinese President Xi Jinping (pic) indicated that an anti-graft campaign that has already ensnared 4.7 million officials will continue well into his third term, focusing over the coming year on areas where power, money and resources are concentrated.

A meeting of the 24-member Politburo chaired by Xi on Tuesday (Dec 7) determined that the country has achieved an "overwhelming victory” in its battle against corruption but the work is still "far from over,” according to the official Xinhua News Agency.