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.
TL;DR
- 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.