China Corruption Probe Reflects Struggle
Analysts argue the investigation, which involves four other top executives of state-owned enterprises, is an attempt by Xi Jinping and Premier Li Keqiang to assert their authority over powerful S.O.E.’s.
China’s New Leaders Exert Control Over Oil Company
The crackdown on China’s biggest company — also the second-largest oil company in the world — signals the new administration’s determination to exert control over the powerful sector, said Cheng Li, a Brookings Institution scholar....