China’s Anti-Corruption Agency To Step Up Inspections At State-Run Oil Giant

Checks will be carried out in subsidiaries after round of inspections at the firm started last year
President Wang Tianpu, is being investigated for alleged corruption.

Main anti-corruption body control China inspect six subsidiaries of state energy giant, the latest step in an ongoing offensive in the oil sector in the world's second largest economy.

 

Watchdog ruling Communist Party plans to send teams to inspect five units of main entity listed, Corp and a subsidiary Engineering (Group) Co., he said in a statement.

The agency also launched anti-corruption monitoring inspections, which is Asia's largest refinery, in late 2014, aimed at officials.

Earlier this year, President, Wang Tianpu, was under investigation for serious disciplinary violations, the text generally used to refer to graft said.

President Xi Jinping, has warned that corruption threatens the survival of the Communist Party in power and two-year campaign against corruption has demolished dozens of senior officials in the party, government, military and state enterprises.

The watchdog said in February that it was targeting 26 major state enterprises in China for the opening inspections this year.

China To Inspect Water Pollution Prevention, Control

China's top legislature will conduct a nationwide inspection on the implementation of the law on the prevention and control of water pollution.

Four or five teams conduct inspections in all regions at the provincial level in May and June, the prevention and control of the Committee on Water Pollution Congress (NPC) Standing Committee of the National People's Congress said Tuesday.

Inspectors will visit Inner Mongolia, Heilongjiang, Anhui, Shandong, Hubei and Guangxi, and others, to examine measures of water resources.

Protection of water resources are inspected, releases of water pollutants, the legal system to allow contaminants and prevention of pollution of major rivers. Opinion on the amendment of the current law was also requested.

In other regions, provincial legislators to carry out the investigation and review to prevent and control water pollution.

In late August, the Standing Committee of the NPC will hear and examine reports on the prevention and control of water pollution.

A series of water pollution incidents have occurred in recent years, causing great concern in China.

Chen Changzhi, vice chairman of the NPC Standing Committee, said that inspections for the implementation of the law on the prevention and control of water pollution to promote a campaign against pollution and help change the law.

China’s Coal Imports Fall on Quality Inspections and Lower Demand

Importance of Coal Imports

China's top coal consumer in the world and represents its coal business for nearly a quarter of the world total. In 2014, China's coal imports fell year after year for the first time in six years. Imports fell by 10.9% to 291.6 million tonnes. Over 90% of the country's coal imports are maritime.

Crisis Coal Imports

According to Customs General Administration data, China's coal imports fell in February 2015 to 15,260,000 metric tons, down 9.1% compared to January levels of 2015. Compared to the same month a year ago, total coal imports fell by 33% as a result of quality control in Chinese ports.

"The week of the Lunar New Year holidays have limited the increase in imports," said Wang Xufeng, an analyst at Fenwei Shanxi Energy Consulting Company.From 1 January 2015 new mandatory quality inspections are effective for reducing coal flow low in difficulty and support domestic miners. Because of the ambiguity of the new policy, traders reduced their cargo numbers, driving demand lower.According to a Reuters report, traders say "Chinese ports were ordered to inspect all cargo before it is passed on to buyers, a process which normally takes about 7-15 days."

Move Forward

In the first two months of 2015, China's coal imports amounted to 32.04 million tons, down 45.3% from the same period a year ago. In the future, China urges local governments and coal enterprises to limit production to support suffering loss industry. It is also trying to cut supply by closing small mines and halt coal imports low.

Dry bulk shippers such as DryShips (DRYS), Diana Shipping (DSX), Navios Maritime Holdings (NM), and safe Bulkers (SB) will be negatively affected by the decline in coal imports. The SPDR S & P Metals and Mining ETF (XME), which invests in industries such as steel, coal and consumable fuels, gold, precious metals and minerals, aluminum and diversified metals and Mines can also be affected negatively.

China’s Top Anti-Graft Regulator To Inspect 26 State Companies

China is pointing to 26 SOEs as targets for its first large-scale inspections in 2015, after similar probes last year found graft and abuse of power.

Energy companies, including China National Petroleum Corp., the largest oil and Gas Company in the country, depending on the target list. China National Offshore Oil Corp., the largest oil explorer and offshore gas in the country, and State Grid Corp. of China also called, according to a statement yesterday from the Central Committee of the Communist Party Discipline Inspection.

 

President Xi Jinping has warned that corruption is a threat to the survival of the party and its campaign against corruption has stuck around 100,000 employees at different levels in the last two years. CNPC and its listed unit Petro China Co. has been in the eye of the storm against corruption, and the loss of more than a dozen senior officials to research from August 2013.

Officials SOEs were found taking bribes, using the power for personal gain and committing other serious violations, said the inspection in December after completing inspections of one month in eight companies.

Some officials of state enterprises deliberately bought assets at high prices and they are sold under for personal gain, and some others used company resources for personal advancement and promotion, the Commission said in yesterday's statement.

The "sword inspection" should hang over the head of officials to ensure the SOEs respect the law, the commission said in explaining the purpose of the inspections.

More than 70 officials of the state-owned enterprises have been investigated and officials can be captured as discipline inspections begin to expand, according to a report published today in the newspaper Economic Information state-controlled Xinhua.

Former President Jiang Jiemin was investigated in September 2013, just months after being promoted to minister of the administration of state-owned assets. He was expelled from the party last year and is awaiting trial.

Zhou Yongkang, a former head of the CNPC, was expelled from the party in December on charges ranging from leaking official secrets to accept bribes. Zhou was a former member of the senior decision-making body of the Party, the Standing Committee of the Political Bureau.

China’s State-Owned Enterprises Face New Inspections In Crackdown On Graft

Wang Qishan said the probe extension will cover all major state companies this year.

Top graft-buster mainland has announced a round of inspections in 26 SOEs in an extension of the repression of the Communist Party corruption.

The probe extension would cover all major SOEs and financial firms this year as some companies showed "remarkable" disciplinary problems, said Wang Qishan, who heads the party's efforts to combat corruption.


Disciplinary problems were common in state enterprises, where some leaders had bribed their ways up the ladder match, told investigators graft yesterday. "Some officials have used their power to buy high and sell low and benefited bids, to benefit their relatives, children and themselves."

Wang, member of the Politburo Standing Committee, heads the Central Commission for Discipline Inspection and the Central Leading Group for Labour Inspection.

The probes in state enterprises and government agencies have regularly occurred since President Xi Jinping came to power in late 2012.

The first round of inspections will include 13 teams audit 26 SOEs. The teams also receive requests from the public.

Team members will be selected from a set of names of different government departments submitted by the Central Committee. Each team will be headed by a level of active or retired ministry.

Companies to be inspected include: China National Petroleum Corporation, China National Offshore Oil Corporation, China National Nuclear Corporation, Sinochem Group, China Huaneng Group, and State Grid Corporation of China, China Ocean Shipping Company - known as COSCO Group - China Datang Corporation, China Telecom, China Mobile and Shanghai Baosteel Group Corporation.

In previous inspections, the commission has accused senior officials of China State Shipbuilding, and relatives of the best paintings in the automaker Dongfeng Motor, to conduct illegal business.

Inspectors said they unearthed buying and selling positions in power generator China Huadian and poor controls that caused the loss of state secrets. Inspectors cite failures discipline to state broadcaster Radio International China.

In November, anticorruption officials said they would shift their attention back to SOEs.

Global And China Automated Optical Inspection(AOI) Industry Report,2014-2018

NEW YORK, January 8, 2015 / PRNewswire / - Optical inspection is an inspection method of defects in the objectives of the test by comparing images of targets on evidence obtained through optical imaging (after processing and analyzed with specific processing algorithm) with standard Template images. Generally speaking, the inspection automated optical inspection (AOI), X-ray machine (AXI) and automated visual inspection (AVI) all fall into the category of AOI. The main products of optical inspection available in the market are now the AOI, AXI and few. Fewer companies are engaged in the manufacture of products AVI.

Currently, AOI is mainly applied to industries and TFT-LCD PCB. But for China, the penetration of the AOI in the two industries is still quite low, with only 20% -30% of the production lines in the PCB industry equipped with AOI. Some companies have developed products AOI applied to semiconductors, trackpad, and LED and solar cell industries. Market demands for AOI in the future will come mainly from the following three aspects: new projects and PCB industries TFL-LCD; production lines that are not equipped with AOI in the industries of TFT-LCD PCB ads, and other industries.

Globally, companies AOI more market share converge on Israel, Japan and South Korea, all of which have China as its key foreign markets. Top 5 companies in the world by revenue in 2013 were AOI Orbotech (Israel), Omron (Japan), KohYoung Technology (South Korea), Camtek (Israel) and (Japan) screen.

In the Chinese market AOI, no company in China could manufacture equipment AOI before 2004, and the equipment was imported mainly from Israel, Japan, South Korea and Taiwan. Since May 2004, when the predecessor AOI equipment R & D of ALeader developed first set of AOI China, more and more companies AOI have been established to engage in R & D, production and sale of equipment AOI. Therefore, OEMs AOI Chinese settled since 2005 and are mainly distributed in the regions that have advanced electronic information industry as the Pearl River Delta led by Shenzhen Yangtze River Delta led by Shanghai, and Bohai bay Rim led by Beijing. For now, Chinese manufacturers mainly produce AOI AOI equipment for PCB. In the various industries PCB as TFT-LCD, IC, LED, solar cells, localization rate AOI equipment is extremely low, almost totally dependent on imports.

At present, foreign brands occupy more than 60% market AOI Chinese. These companies have a powerful force in technology R & D and its products have high stability, reliability and fast speed. Consequently, unit prices are generally several times to ten times that of the products manufactured in China. In 2013, foreign companies, which are quite high market share in China were Orbotech AOI, TRI, Omron and Camtek. Among local Chinese companies, Aleader (formally established in August 2005), Jutze Intelligence (established in November 2007), EKT-Tech (founded in May 2006), Technology Xing Zhenhua (created in February 2007), Zhejiang Ovi technology (founded in November 2008) and Shenzhen JT Automation Equipment (AOI has entered the market by acquiring Software Earn Shenzhen in August 2009) are Chinese companies with larger market share and strong R & D strength.

Global and China Optical Automated Inspection (AOI) Industry Report, 2014-2018 focuses on the following:

Overview AOI industry (which includes the definition, classification, composition, merit, industrial sector, industry chain, market characteristics and business models);
Global market AOI (including the status quo market, market size, competitive landscape and the development trend);
AOI Chinese market (which includes industrial policies, status quo market, market size, demand, competitive landscape and development prospects);
AOI processing industries (which contains the size and demand for PCB, LCD and IC market);
AOI top 10 global companies (including the profile, performance, revenue structure, R & D, the company AOI, strategy development, business in China);
14 large Chinese companies AOI (covering the business profile and AOI).