Oddbean

China accelerates purge at state-owned companies to fight graft ========== China has replaced more than three times as many top executives at state-owned companies so far this year as it did in the same period in 2023. The purge is a signal of a growing push to stamp out corruption at critical businesses. Chen Mingbo, the recently appointed chairman of China Aerospace Science and Technology Corp. (CASC), urged greater efforts to "become a space power and build a world-leading military." #China #StateownedCompanies #Corruption #Graft https://asia.nikkei.com/Business/Business-trends/China-accelerates-purge-at-state-owned-companies-to-fight-graft