Guangdong Province to Revoke ‘High-Tech Enterprise’ Status of 101 Companies
Officials who approved the unqualified companies should also be investigated and held responsible, an analyst said.
Chinese authorities in Guangdong Province announced plans to revoke the high-tech enterprise status of 101 companies after a review found they did not meet the required criteria. Industry professionals have revealed corruption within the regime’s approval process to The Epoch Times. The announcement did not detail the amount of funds to be recovered or whether personnel involved in the approvals would face accountability.
- Guangdong Provincial Department of Science and Technology will revoke ‘high-tech enterprise’ status for 101 companies.
- The companies failed to meet the criteria for certification following a review.
- Industry professionals have exposed corruption in the approval process to The Epoch Times.
- The announcement did not specify recovery amounts or accountability for reviewing personnel.
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