China accelerates purge at state-owned companies to fight graft
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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."

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https://asia.nikkei.com/Business/Business-trends/China-accelerates-purge-at-state-owned-companies-to-fight-graft