BEIJING — The State Machine-Building Industry Bureau (SMIB), a government watchdog that oversees the country's machinery industry and automotive sector, will be dismantled later this year, sources say. Insiders say 40 of 97 SMIB employees will be transferred to China National Machinery Equipment Group Corp., a division under the SMIB. Another 30 employees will be transferred to a division of the State Economic and Trade Commission (SETC), while the remainder will be transferred to other ...
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