China ruling party says 'eliminated dangers' after 33 expelled

China's ruling Communist Party has announced that it has eliminated major dangers within its ranks after expelling 33 officials. This move comes as part of a broader effort by President Xi Jinping to root out corruption and ensure loyalty within the party. The purge is significant as it targets high-ranking officials, including some in the Central Committee and the military, which has been a key area of focus for Xi's anti-graft campaign.

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The expulsion of party members is a sign of Xi's continued crackdown on corruption. However, the impact on the broader market is unclear.

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