Logo 01 Jul 2026

Defense industry veteran takes the helm at SASAC

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China's state asset regulator (SASAC) just got a new Party chief. On June 30, SASAC announced that Cheng Fubo, 55, has been appointed Party secretary, replacing Zhang Yuzhuo, 64, who has taken over the Chinese Academy of Engineering. A little bit about Cheng:

A defense industry veteran, Cheng spent...