A Little More Fall-Out from Songhua River Spill?

China Daily ran an article last week that the State-owned Asset Supervision and Administration Commission (SASAC) has been evaluating state-owned enterprises. (China Daily 8/23). Four received grades of D and two received a failing grade of E. The consequences of a poor performance evaluation could be not only cut in bonus and salary but also possible dismissal. China National Petroleum Corp. was among 4 companies that was downgraded because of safety or environmental violations, but it was not clear from the article what the actual grade of CNPC was.

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