State-owned companies are next on the Chinese regime’s anti-corruption watchdog inspection list, and the feedback given to one particular sector—telecommunications—could herald the start of a big takedown. For more than a decade some of China’s largest telecommunications firms have been under the direct or indirect control of Jiang Mianheng, the son of former Party leader Jiang Zemin.
On June 17, Central Committee of Discipline Inspection (CCDI) Secretary Wang Qishan announced that 26 state-owned enterprises (SOEs) would be inspected, state-run Xinhua News Agency reported.
The companies include China State Construction Engineering Corporation, China Shipbuilding Industry Corporation, China Ocean Shipping Company, Shanghai Baosteel Group, Wuhan Iron and Steel Corp, PetroChina, Huaneng Group, China Southern Power Grid, China Dongfang Electric, China Nuclear Engineering, and China Mobile.
