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).
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

As US Strikes Syria, China Sees Parallels at Home

Beijing is debating how much support to give international coalition against IS militants and trying to figure out how many Chinese nationals may have joined group overseas More

CDC: Ebola Could Infect 1.4 M by 2015

US health officials say if efforts to curb the outbreak are not increased, cases will soar dramatically by early next year More

Video USAID Provides $231 Million for Girls Education in 5 Countries

US Agency for International Development partners with celebrities to call attention to importance of education for girls worldwide 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.
Washington to Pyongyang: 'Shut This Evil System Down'i
X
Scott Stearns
September 23, 2014 10:52 PM
U.S. Secretary of State John Kerry is calling on North Korea to shut down prison camps and other human rights abuses following a United Nations Commission of Inquiry into "widespread and systematic human rights violations." VOA State Department Correspondent Scott Stearns reports from the United Nations.
Video

Video Washington to Pyongyang: 'Shut This Evil System Down'

U.S. Secretary of State John Kerry is calling on North Korea to shut down prison camps and other human rights abuses following a United Nations Commission of Inquiry into "widespread and systematic human rights violations." VOA State Department Correspondent Scott Stearns reports from the United Nations.
Video

Video US, Gulf Allies Strike Islamic State Militants in Syria

United States forces have carried out strikes against Islamic State or ISIL militant positions in Syria - the first time Western forces have taken action on Syrian soil. Five U.S. allies from the Gulf joined the military action. Local reports suggest dozens of militants were killed. The U.S. also carried out unilateral missile strikes against a Syria-based terror group which Washington says poses an imminent threat to the West. Henry Ridgwell reports from London.
Video

Video High Intensity Focused Ultrasound Used to Kill Cancer Tumor

There is a new way of killing certain cancer tumors that allows the patient to go home on the same day. Surgeons at the Keck Medical Center of the University of Southern California became the first doctors to use this procedure on a patient with the help of high intensity focused ultrasound, or HIFU, and new robotic technology. Elizabeth Lee reports from Los Angeles.
Video

Video USAID Provides $231 Million for Girls Education in Five Countries

Hollywood stars Alicia Keys, Jennifer Garner and 30 others have voiced their support for a U.S.-backed initiative called "Let Girls Learn." The $231 million program, funded by the U.S. Agency for International Development, is aimed at ensuring public and quality education for girls worldwide. As VOA's Mariama Diallo reports, this new program will focus on five countries in Africa, South Asia, Latin America and the Middle East.
Video

Video UN: Relocation of Bedouins in Israel Weakens Two-state Solution

Rural Bedouins living in disputed lands east of Jerusalem could soon find themselves forcibly relocated. VOA's Sharon Behn reports from Jerusalem that while Israel defends the move as in the Bedouins’ best interests, the United Nations says the plan threatens the survival of the two-state solution with Palestinians.
Video

Video NASA’s MAVEN Probe Enters Mars Orbit

NASA’s newest Mars probe, called MAVEN, has successfully entered its designated orbit around the Red Planet. Scientists will use its sophisticated instruments to try to learn what happened to the atmosphere Mars had a few billion years ago. VOA’s George Putic has more.
Video

Video Prolonged Drought Plagues SW Oklahoma Farmers

Parts of western Texas and southwestern Oklahoma have been in drought conditions for several years running and the deficit in rainfall has taken a heavy toll on cotton and grain production. Oklahoma Governor Mary Fallin says the state has suffered $2 billion in agricultural losses since 2011. There has been rain in recent weeks, but, as VOA’s Greg Flakus reports from Altus, Oklahoma, for most farmers it has been too late.
Video

Video For West Ukraine City, Conflict Far Away Yet Near

The western Ukrainian city of Lviv prides itself on being both physically and culturally close to Western Europe. The Russian-backed separatists in the eastern part of the country are 1,200 kilometers away, and seemingly even farther away in their world view. Still, as VOA’s Al Pessin reports, the war is having an impact in Lviv.
Video

Video Saving Global Fish Stocks Starts in the Kitchen

With an estimated 90 percent of the world’s larger fish populations having already vanished, a growing number of people in the seafood industry are embracing the concept of sustainable fishing and farming practices. One American marine biologist turned restaurateur in Thailand is spreading the word among fellow chefs and customers. VOA Correspondent Steve Herman reports from Bangkok.
Video

Video Chinese Admiral Key in China’s Promotion of Sea Links

China’s President last week wrapped up landmark visits to India, Sri Lanka and Maldives, part of a broader campaign to promote a new “Maritime Silk Road” in Asia. The Chinese government’s promotion efforts rely heavily on the country’s best-known sailor, a 15th century eunuch named Zheng He. VOA's Bill Ide reports from the sailor’s hometown in Yunnan on the effort to promote China’s future by recalling its past.
Video

Video Experts Fear Ebola Outbreak ‘Beyond Our Capability to Contain’

Each day brings with it new warnings about the deadly Ebola outbreak already blamed for killing more than 2,600 people across West Africa. And while countries and international organizations like the United Nations are starting to come through on promises of help for those most affected, the unprecedented speed with which the virus has spread is raising questions about the international response. VOA's Jeff Seldin has more from Washington.
Video

Video Migrants Caught in No-Man's Land Called Calais

The deaths of hundreds of migrants in the Mediterranean this week has only recast the spotlight on the perils of reaching Europe. And for those forunate enough to reach a place like Calais, France, only find that their problems aren't over. Lisa Bryant has the story.
Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.Colonel Steve ‘Spiros’ Pisanos left Greece and came to the U.S. to learn to fly. He flew fighters for the Allies in World War II, narrowly escaping death multiple times.

AppleAndroid