Article: China Focus: Nearly 500 officials retract stakes in coal mines

China Focus: Nearly 500 officials retract stakes in coal mines

BEIJING, Sept. 26 (Xinhua) -- The state work safety watchdog announced here Monday that 497 officials have withdrawn their investment in coal mines amid a nationwide crackdown.

Li Yizhong, director of the National Bureau of Production Safety Supervision and Administration, said that the figures represent only part of the campaign outcome based on the reports from nine provinces including Guizhou, Hunan and Hebei.

A final report of nationwide data will be released by mid- October, said Li.

China issued a circular on August 30 requiring all officials who invested in coal mines to retract stakes, setting September 22 as the ...

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