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Oversight of military firms on rise

By An Baijie ( China Daily ) Updated: 2014-06-05 06:58:07

Supervision of China's military enterprises is increasing, as is evident from recent investigations of several senior managers on suspicion of corruption, analysts said.

The most recent such case involves AVIC Heavy Machinery Co, an industry leader listed on the Shanghai Stock Exchange, which announced on Tuesday that its deputy general manager, Wu Hao, was under investigation on suspicion of corruption.

The company said production and business were continuing as usual.

Oversight of military firms on rise

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