"Xi Jinping Intensifies Crackdown on Corruption in China, Vows 'No Mercy' in Battle"

Chinese leader Xi Jinping has pledged to intensify the anti-corruption campaign, targeting "flies and ants" in industries like finance, energy, and infrastructure, and vowing to increase punishment for bribery. The crackdown, a signature project of Xi's, will now focus on state-owned enterprises, including the pharmaceutical sector, as the Chinese economy grapples with challenges. Recent oustings of military figures and a top business leader indicate that the campaign is far from over, with more than a dozen senior executives at powerful financial institutions investigated in 2023.