Over the years, corruption has become endemic in China, with regional party leaders and bosses in state-owned enterprises wielding their vast privileges and authority to accumulate personal wealth. This has severely undermined the Chinese Communist Party’s legitimacy, while hampering the kind of market-based competition that China’s economy needs to propel the country to high-income status.
多年来，腐败已成为中国的顽疾，地方党政领导人和国有企业负责人利用巨大的特权和权威敛聚个人财富。这严重破坏了中国共产党的合法性，也妨碍了驱动中国经济迈入高收入行列所必须的基于市场的竞争。