Confidence boost for China's economic boom

The official investigation of former security head Zhou Yongkang marks yet another milestone in the anti-corruption drive spearheaded by the top leader Xi Jinping.

Some are wondering whether the ongoing fierce anti-corruption campaign will deal a blow to China's economy, as the campaign will arrest the trend of high-end consumption and officials will have to change their GDP-oriented mindset.

However, a truth is although the Chinese economy has slowed it continues to press ahead, with 7.4 per-cent of GDP growth in the first half year.