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Article: 4,500 officials report shares in coal mines
- Article from:
- China Daily
- Article date:
- November 2, 2005
- Author:
CopyrightCopyright 2005 China Daily. Provided by ProQuest LLC. (Hide copyright information)
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China's latest move to bring an end to collusion between
government officials and colliery owners a major cause of frequent
coal mine accidents has seen "initial success," it was revealed
yesterday.
By October 20, 4,578 officials had reported investment in coal
mines totalling 653 million yuan (US$80.5 million), said Vice-
Minister of Supervision Chen Changzhi at a press conference.
Of the amount, 473 million yuan (US$56 million) has been
withdrawn, Chen said, while summing up the two-month drive by four
ministerial departments to clear collieries of officials' investment.
Those who have withdrawn shares from coal mines include 3,002
civil servants and 1,576 heads of State-owned ...