Liu Weidong, deputy general manager of China South Industries Group, is under investigation for suspected violations of the law and discipline. This was announced by China’s anti-corruption authority on Wednesday, as reported by Reuters.
The China South Industries Group is a state-owned company that manufactures automobiles, defense equipment, and high-tech industrial products. It also includes the car manufacturer Chongqing Changan Automobile, which is likely to be merged with Dongfeng Motor Group, another state-owned company. This should make the Chinese car market more competitive. ek