China Cracks Down On Graft, Inspects Five State Enterprises

The ruling Communist Party is expanding its anti-corruption dragnet. China's top anti-graft watchdog said on Friday it had carried out inspections at five major state-owned enterprises. The companies are in industries ranging from mining to energy. The agency said late on Friday that Sinochem Group, China Minmetals Corporation and power company China Datang were among the latest companies to be probed by the Central Commission for Discipline Inspection. As part of President Xi Jinping's two-year crackdown on corruption, the commission has pledged to inspect "all important backbone state-owned firms and financial institutions" this year.