State-owned enterprises under scrutiny

Global Business

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

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.


Read the whole report here: