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China industry minister Xiao Yaqing under investigation: State media

This month, in an uncommon omission, Xiao was not named as a delegate to the next party conference.

July 28, 2022 / 04:15 PM IST
FILE PHOTO: Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) attends a news conference on the sidelines of the National People's Congress (NPC) in Beijing, China March 9, 2019.  REUTERS/Stringer

FILE PHOTO: Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) attends a news conference on the sidelines of the National People's Congress (NPC) in Beijing, China March 9, 2019. REUTERS/Stringer

Chinese state media announced on July 28 that Xiao Yaqing, minister of industry and information technology, has been put under investigation for suspected violation of discipline and law, by the Central Commission for Discipline Inspection (CCDI), the party's internal disciplinary body, and the National Supervisory Commission, the highest anti-corruption agency of China.

This month, in an uncommon omission, Xiao was not named by China's ruling Communist Party as a delegate to the next party conference.

Xiao's investigation makes him the first incumbent minister to face such an inquest since Xi Jinping's second term as party chief began in 2017.

Previously, he served as director of the State Administration for Market Regulation and State-owned Assets Supervision and Administration Commission. He was an alternate member of the 17th Central Committee of the Chinese Communist Party and a member of the 18th Central Commission for Discipline Inspection of the Chinese Communist Party.

Xiao, a former engineer who now runs a company, rose to fame while in charge of Chinalco, a state-owned aluminium company. Xiao pursued significant investments in Rio Tinto Plc and assisted Chinalco in becoming a preeminent metals and mining conglomerate.
Moneycontrol News
first published: Jul 28, 2022 02:21 pm
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