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China Telecom Chairman Resigns Amid Corruption Probe

A major Chinese telecommunications company says its chairman has resigned following an announcement that he is under investigation by the country's anti-corruption agency. China Telecom Ltd., one of the country's three main state-owned phone companies, said Wednesday that Chang Xiaobing resigned effective immediately. Its chief operating officer, Yang Jie, was named to fill the post until a new chairman is appointed. The Chinese anti-graft agency said Sunday that Chang was...

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