China Decries Corruption in State-Owned Firms

China's top graft-busting agency has lambasted the country's powerful state-owned industries as being riddled with corruption and nepotism, saying the origins of the problem could partly be traced back to the chaos of the Cultural Revolution. As part of President Xi Jinping's battle against corruption, anti-graft inspectors over the past few months have visited dozens of strategic central government-owned groups, where top executives hold the rank of deputy ministers. In a...

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