BEIJING — China has replaced more than three times as many top executives at state-owned companies so far this year as it did in the same period in 2023, signaling a growing push to stamp out corruption at what it considers some of the country’s most critical businesses.
While inspecting a facility of China Aerospace Science and Technology Corp. (CASC) in March, Chen Mingbo, the state-owned defense contractor’s recently appointed chairman, urged greater efforts to “become a space power and build a world-leading military.”