The graft investigations have revealed how business and power are intertwined in a controversial part of China’s economy. Read more at straitstimes.com.
has netted its biggest fish yet, in the form of Mr Ling Chengxing, a former party chief and director at the state tobacco regulator.
Mr Zhu, who retired nearly eight years ago, had been questioned about matters relating to Mr He Zehua, a former deputy chief of STMA, local media reported citing sources. Mr He was being investigated by the CCDI. China Tobacco is the commercial arm of the STMA, and both were formed in the 1980s to consolidate tobacco production and sales in China. China Tobacco controls 97 per cent of supplies in the world’s largest tobacco market.
The cosy relationship between state and market has been clear in the way China Tobacco has been able to repeatedly lobby for the watering down of anti-smoking legislation, he added. Much of the investigation is also focused on China Tobacco’s subsidiary in Yunnan province, the country’s biggest tobacco grower and top producer of cigarettes.
Others caught up in the graft investigation include brothers Li Xiaoming and Li Xiaohua, who control a Yunnan-based supplier of film and paper packing products to cigarette makers.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Big Read in short: Coping with the inevitability of banking, e-payment services disruptionsSINGAPORE — A long-awaited date with her national serviceman boyfriend for Ms Nazrana Shaheen ended up being cut short, no thanks to a banking services disruption by DBS Bank and Citibank on Oct 14.
Read more »
Today in Pictures, Oct 27, 2023Read more at straitstimes.com.
Read more »
How to choose the best air purifier for your home in 2023Read more at straitstimes.com.
Read more »
The Big Read: With no foolproof way to prevent banking and e-payment services outages, what can businesses and consumers do?SINGAPORE — A long-awaited date with her national serviceman boyfriend for Ms Nazrana Shaheen ended up being cut short, no thanks to a banking services disruption by DBS Bank and Citibank on Oct 14.
Read more »
New and repowered natural gas power plants must be more efficient, hydrogen-compatible from 2024These emission standards are crucial to facilitating the deployment of clean and efficient power generation units. Read more at straitstimes.com.
Read more »
US economy grows at fastest rate in nearly two yearsA resilient job market helped boost consumer spending, holding off the prospect of a recession. Read more at straitstimes.com.
Read more »