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China's new leaders exert control over oil company

China 's new leaders to assert their power corruption investigation , has been arrested five former and current top oil executives , including the latest - the company's former chairman and the country's largest companies.
On Sunday, state-owned enterprises run Cabinet Committee, Jiang Jiemin investigation Supervision announced , marking China 's new leader Xi Jinping came to power in November will launch the latest high-profile corruption cases .
Jiang investigation , who is the country's largest oil company China National Petroleum Corporation chairman , had a similar probe in the past week announced the four state-owned company executives .
Reported that China 's top leadership has approved a corruption investigation , Zhou Yongkang , are considered influential in the oil sector a former security czar 's top oil executives explore ways of expanding . Zhou Jian- owned oil sector , his career rose to become general manager of China National Petroleum Corporation .
A key Communist Party meeting in November , a few years ago has been a platform for economic programs before the announcement , management Yuxi , China 's president , and Premier Li Keqiang , seem to be able to make a stab in the fight against the powerful interest groups many experts say the government restrictions .
Such vested interests linked to state-owned enterprises , to benefit from a monopoly , low-cost bank loans, free land and other benefits - and therefore oppose the experts say , China 's economic growth needed to prevent stagnation of market-oriented reforms .
Against China 's largest companies - but also in the world's second largest oil - signal Brookings scholar Cheng Li said that the new government exert strong control over the department 's determination .
Leaders should show " , they've got a certain degree of consensus , the party's highest level it's not so easy to get, but they did not , " Lee said. " There is a clear message , Xi and Li to damage these vested interests , therefore , to a more market -oriented reforms paved the way ."
Chinese authorities said Sunday , Jiang alleged serious violation under investigation . Vague term , often by government officials or managers of a state-owned company China 's official shorthand for allegations of corruption . Jiang resigned in March , chairman of China National Petroleum Corporation (CNPC) , the leadership of the Assets Supervision and Administration Commission of the Cabinet .
Lombard Street Research , said: "Leadership keenly aware that they have to rattle the opposition or disarmed , they have the task of coordinating anti -corruption , calling for the general public , but it is also a way to eliminate the opposition " in a recent reports. "A lot of large state-owned enterprises senior management sat Central Committee , they will need to be with, or discredit ."
Jiang is the first ruling Communist Party Central Committee , which includes the country's former 200 officials , the current membership has declined , because the party intergenerational transfer in November . Two other officials are under investigation committee alternates .
Authorities have announced a series of investigations into high-level and lower-level officials , Xi Jinping made ??the fight against corruption and extravagant style of work the first months of his reign a key feature .
China Mobile general manager of state-owned telephone company alleged breaches of discipline were detained in the last month .
In July, the former Minister of Railways Liu Zhijun was given a reprieve bribery and abuse of power.
Last Monday , the former party secretary Bo Xilai , Chongqing metropolitan high-profile corruption trial wrapped up.
 



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