With China’s Communist Party Secretary Xi Jinping now in his third term, his anti-graft probes are continuing—with millions of cases investigated since he took power in 2012.
Recently, Beijing’s anti-corruption organs announced the investigation of multiple top officials from state-owned enterprises in finance as well as industries such as nuclear, petrochemicals, shipbuilding, and property development.
Between March 14 and 16, at least 9 managerial-level officials were investigated for alleged legal and disciplinary violations.
On March 16 alone, at least 12 senior cadres were sacked for alleged violations of Party discipline and Chinese law.
AVIC Trust
On March 16, Yao Jiangtao, the former chairman and Wei Yinghui, the former deputy general manager of AVIC Trust were investigated for such alleged violations….