HONG KONG/SHANGHAI (Reuters) - China's investigations aimed at rooting out corruption have now extended to the shipping industry, with China COSCO Holdings saying that one of its top executives is the subject of government inquiries.
COSCO, China's largest bulk shipping company, announced on Friday that its vice president, Xu Minjie, had resigned - a day after it said he was "under investigation by the relevant authorities", phrasing used in China to describe corruption investigations.
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