19 Senior SOE executives held for investigation
Nineteen top managers from State-owned enterprises have been held for investigation in the first round of an inspection this year by the country’s top antigraft authority.
Dozens of senior executives of SOEs were investigated by the Central Commission for Disciplinary Inspection during its first disciplinary tour from late February to the end of April. The number of enterprises under scrutiny was almost double that of previous inspections. Last year, such inspections investigated more than 70 executives.
Of the 19 top managers held in the latest round, seven were executives in the electric power sector and four in the telecommunication sector.
Companies in the oil and refinery sector are among those hardest-hit since the anti-corruption inspections intensified in SOEs.
A developer constructed a 57-storey building in just 19 days. The Mini Sky City building was put up at a rate of three full storeys a day in Changsha, the capital of Hunan province in south-central China. The building has 800 apartments and office space for 4,000 people.