Zhou Probe Signals China Tackling Obstacles to Reforms

Chinese President Xi Jinping’s anti-corruption drive has breached the highest ranks of power. The most important beneficiary may be the economy.

This week’s Communist Party announcement of a probe into former security chief Zhou Yongkang shows Xi has amassed enough backing to take down a top figure and his network of supporters. That greater clout can now be deployed to embed policy shifts that reduce the state’s role in the economy and help sustain growth, said BNP Paribas SA and Bank of America Corp. analysts.