The Chinese Oil Sector: Beijing's Latest Anti-Corruption Target

Beijing's crackdown on China's premier oil giant, the China National Petroleum Corp., may bring an end to the powerful grouping that has nearly monopolized the Chinese petroleum sector. As part of the Communist Party's anti-corruption drive, the investigation into the company will help new party leaders reassert authority in an industry beset by massive inefficiencies and vested bureaucratic interests — even as they allay public concern over government malfeasance.