China Accelerates Purge at State-Owned Companies to Fight Corruption
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#4b6f37db ver:0.28

China's efforts to stamp out corruption in state-owned companies have intensified, with the replacement of more than three times the number of top executives compared to the same period last year. This purge is a clear signal of the growing push to eliminate graft in critical businesses. Chen Mingbo, the newly appointed chairman of China Aerospace Science and Technology Corp. (CASC), has called for increased efforts to make China a space power and build a world-leading military .

China's financial sector is undergoing profound changes as new regulations challenge the capitalist principle of profit-seeking first. President Xi Jinping's goal to make China a 'financial superpower' has led to a shift in priorities, with banks being instructed to serve national strategies and tailor services t...

#newstr #China #StateownedCompanies #Corruption #Graft 

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