The Chinese regime’s anti-corruption watchdog announced on April 4 that Norinco’s former chairman was placed under investigation over corruption charges. The Central Commission for Discipline Inspection issued a notice, stating that Yin Jiaxu, the former party chief and chairman of China North Industries Group Corporation (officially abbreviated as Norinco), was placed under disciplinary review and investigation for alleged corruption. According to public information, 65-year-old Yin Jiaxu is from Chongqing. In 2010, he was appointed as party secretary and deputy general manager of Norinco. He was promoted to chairman in 2013. He retired in 2016. Norinco is one of the largest state-owned weapons manufacturers, with more than 20 overseas offices and 60 branches. According to its website, Norinco is currently the only enterprise among China’s major military industry groups that provides weaponry and technical support services to the regime’s army, navy, air force, public security, and space industry. Its business covers …
Ex-Boss of China’s Major Weapons Firm Norinco Under Investigation
April 6, 2021
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ChinaChina Business & EconomyChina Shipbuilding Industry CorporationChina-US NewsChinese RegimeHu WenmingNORINCOshipbuilderweapons manufacturerYin Jiaxu
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