Taking the Graft Fight to Foreign Shores Should Be Just a Start

The State-Owned Assets Supervision and Administration Council (SASAC) said in April it will spend 11.39 billion yuan to hire seven independent accounting firms, including PricewaterhouseCoopers, to review the overseas investments of the companies it supervises.

The review of the overseas assets held by state-owned enterprises (SOEs) is the first of its kind for SASAC, but it has not given any official reason for the move.