China charges former chief of state asset regulator with graft

March 19, 2015 8:56 AM

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BEIJING (Reuters) - Chinese prosecutors on Thursday charged the former head of the state asset regulator with bribery and abuse of power, paving the way for the trial of the one-time oil man who had close links with a disgraced retired domestic security chief.

President Xi Jinping has spent the past two years waging war on corruption, saying it threatens the survival of the ruling Communist Party.

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