News / Asia

China Sacks State Enterprise Official

Jiang Jiemin, president of PetroChina Ltd, speaks during an announcement of the company's results in Hong Kong, (File photo).
Jiang Jiemin, president of PetroChina Ltd, speaks during an announcement of the company's results in Hong Kong, (File photo).
TEXT SIZE - +
William Ide
— Chinese authorities have fired a high-ranking economic official in what appears to be part of a widening of the country’s crackdown on corruption.  Political analysts said the firing of Jiang Jiemin, who used to head up an official body that oversees China's state-owned enterprises, is also part of an effort by authorities to gain more control of state backed companies. 
 
China’s Xinhua news agency said Jiang Jiemin was removed from his post as head of the State-owned Assets Supervision and Administration Commission because of suspected serious disciplinary violations, a phrase commonly used to describe corruption.
 
The decision comes just two days after authorities announced Jiang was the target of an investigation.  It also comes amid a widening probe into four top executives at the state owned oil company China National Petroleum Corporation or CNPC.
 
Jiang previously served as the chairman of CNPC and its subsidiary PetroChina.  Jiang has been gradually rising up within the ranks of China’s state-run oil industry over the past two decades.
 
City University of Hong Kong political scientist Joseph Cheng said the decision to go after Jiang and other top oil executives is a sign the government is trying to reign in state owned companies as the government seeks to promote serous economic reforms.
 
“The top officials of these very powerful state owned enterprises are more or less independent kingdoms, they are the targets, so these cases will create a sort of threatening affect, a deterrent effect, which hopefully will help the leadership to push through reform.  The reform probably is to reduce the privileges of the state sector," said Cheng.
 
Beijing Institute of Technology Economics Professor Hu Xingdou said the investigation is a rare opportunity to promote economic reform of China’s state-owned enterprises.  China’s state-run companies have too much influence on China’s economy and are too big a source of corruption, he adds.
 
“Li Keqiang [China's Premier] can definitely use Jiang Jiemin's investigation to push forward the reform of the state owned companies and break up state run monopolies.”
 
Chinese President Xi Jinping has pledged to crack down on high and low ranking corrupt officials.  Some believe the investigation into Jiang is a sign that the anti-corruption drive is deepening and that other high-ranking officials could be next.
 
Jiang Jiemin sits on the Communist Party’s Central Committee, a top group of more than 200 officials.  Jiang is the first on that committee to be investigated.
 
There has been speculation in recent days that former public security chief Zhou Yongkang could be the next official targeted given the direction of the current investigation.  Zhou previously served as a CNPC official and was also an influential member of the so-called petroleum clique.

You May Like

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

This forum has been closed.
Comment Sorting
Comments
     
by: Wangchuk from: NYC
September 06, 2013 10:19 AM
Almost all senior Party officials at the Provincial, Local and National level are corrupt, including the members of the Politburo. When leading officials get sacked or prosecuted for corruption it's either b/c their corruption became too public that they embarrassed the CCP or they fell out of favor w/ the Central Party leadership. These corruption trials/charges will not end systemic corruption which is endemic to a one-party state.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid