china company wasteful spending
Chinese State-Owned Oil Company to Divest Itself of Hotels and Cars
| Benjie Batanes | | Sep 14, 2015 09:25 AM EDT |
A Chinese government-owned oil company has announced on Monday that it will divest most of its hotels and let go of several thousand vehicles. The move is seen as an effort by the company to stamp out graft and corruption within its ranks.
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