Chairman of Chinese State-Owned Machinery Giant Sacked for Graft

Chairman of Chinese State-Owned Machinery Giant Sacked for Graft
Employees work on a drilling machine production line at a factory in Hebei Province, China, on Nov. 14, 2018. STR/AFP/Getty Images
Olivia Li
Updated:

The chairman of China Hi-Tech Group Corporation, a state-owned conglomerate with portfolios in machinery, textiles, and real estate, has been expelled from the Chinese Communist Party and charged with graft crimes.

China Hi-Tech is ranked first in the country for manufacturing industrial machinery, equipment, and parts. Zhang Jie, who now faces court prosecution, rose to the top executive position at the company after joining the ranks in June 2004.