China has strengthened its anti-corruption campaign in State-owned enterprises. The investigation from the Party’s Disciplinary Commission began after the Lunar New Year. Sources say task forces are looking into key state-owned giants, including the China National Grid, China Shipbuilding Industry Corporation and China Huaneng Group, the country’s largest power producer. CCTV’s Han Bin filed this report.
State-owned enterprises under scrutiny
China has strengthened its anti-corruption campaign in State-owned enterprises. The investigation from the Party's Disciplinary Commission began after the Lunar New Year. Sources say task forces are looking into key state-owned giants, including the China National Grid, China Shipbuilding Industry Corporation and China Huaneng Group, the country's largest power producer.Highlights:
- The probe into the state-owned sectors is a key part of government efforts in tackling vested interests and pursuing reforms.
- Former Senior National Auditor Dong Dasheng says there are many loopholes in the oversight of state-owned sectors. His proposal this year deals with closing them.
- Cleaning up the state-owned sectors is a hot topic during China’s two political sessions.
- Many say extending anti-graft efforts to cover the once most powerful giants, is to show just how serious the government is about reform.
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Richard Levin on China’s anti-corruption efforts
How will China’s anti-corruption efforts impact the economy? To find out, CCTV spoke to Coursera CEO & former Yale University economics professor, Richard Levin.