President Xi Jinping (left), with Premier Li Keqiang, has waged a successful fight against corruption in that SOE managers’ conspicuous consumption has fallen. Photo: AFP

Xi crackdown curbed SOE managers’ luxury habit but gain in value remains elusive

Eight-Point Regulation visibly reduced conspicuous consumption but shareholder value did not show a corresponding increase

Topic |   Management

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President Xi Jinping (left), with Premier Li Keqiang, has waged a successful fight against corruption in that SOE managers’ conspicuous consumption has fallen. Photo: AFP
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