HONG KONG -- Chinese President Xi Jinping two years ago declared he would "strike both tigers and flies." In plain English, Xi was saying he would expose and stamp out corruption at all levels of the Chinese bureaucracy. The country's anti-corruption campaign has so far felled two "tigers." Leading the purge is "fire chief" Wang Qishan.
More than 50 high-ranking officials have so far been busted, from regional bureaucrats to national leaders. The enforcement of strict official discipline has had a ripple effect on the economy, pushing down sales of maotai -- a Chinese liquor often gifted among the elite and drank at state banquets -- and other luxury goods.