Chinese Steel Giant Ansteel Removes 104 Procurement Experts, Exposing Problems in State-Owned Enterprises

Chinese Steel Giant Ansteel Removes 104 Procurement Experts, Exposing Problems in State-Owned Enterprises

News Analysis China’s state-owned steel giant Ansteel Group has removed 104 experts from its bid-evaluation panel, citing “long-term failure to perform duties or improper performance of duties,” according to a recent company announcement. Ansteel, headquartered in northeastern Liaoning Province, is one of China’s largest steel producers and a key state-owned enterprise (SOE) under the Chinese regime’s supervision. As a major supplier to China’s …