Chinese Steel Giant Ansteel Removes 104 Procurement Experts, Exposing Problems in State-Owned Enterprises

China NewsAccording to analysts, power, resources, status, and benefits within state-owned enterprises are deeply intertwined with the elite families of the CCP.Mark Us Preferred on GoogleA worker checks steel wire at a warehouse in Dalian City, Liaoning Province, northern China, on May 15, 2017. Stringer/ReutersOlivia Li6/19/2026|Updated: 6/19/20260:00News AnalysisChina’s state-owned steel giant Ansteel Group has removed 104 experts from its bid-evaluation panel, citing “long-term failure to perform duties or improper performance of duties,” according to a recent company announcement.