Tag: spending

China Three Gorges subsidiary banned from World Bank projects

The World Bank bars China International Water and Electric Corporation (CWE), a wholly-owned subsidiary of China Three Gorges Corporation (CTG), from its projects for three years for misconduct in Africa and Southeast Asia. South China Morning Post reports.

The probe of Three Gorges officials is getting too close for Communist Party leaders

(April 21, 2014) China’s roving corruption crackdown has uncovered nepotism, shady property deals and dodgy bidding procedures at the country’s state-owned Three Gorges Dam operator, Three Gorges Corporation. The news has reignited public anger over a project funded by a special levy paid for by Chinese citizens and has sparked speculation that President Xi Jinping is using Three Gorges as a way to target two of China’s biggest “tigers”.