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China Expands Corruption Probe of State-Owned Firms

China’s party-led, graft-busting body said it will soon begin inspections at 26 state-owned companies that are involved in a wide range of lucrative businesses from telecommunications to energy, a move analysts said could lead to the fall of more high-ranking officials. The Communist Party’s Central Commission for Discipline Inspection said a wave of inspections will begin after the Lunar New Year Holiday, later this month. Inspection teams will be divided into 13 groups, with each...

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