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China Scolds Sinopec After Second Fatal Accident This Month

  • One person was killed in a fire over the weekend in Shanghai
  • Xi Jinping’s government wants stability in big political year
China Petroleum and Chemical Corp. (Sinopec) Gas Station As Company Announces Earnings Results
Photographer: Anthony Kwan/Bloomberg

Chinese regulators summoned executives at Sinopec Group to a meeting on Monday after the oil giant suffered its second deadly accident this month, saying the episodes had “seriously impacted people’s sense of security.”

Officials told Sinopec that the accidents “had a bad influence” on the public and fell short of expectations for “important state-owned enterprises,” China Central Television reported, adding that “strong measures” should be taken to tackle issues including aging equipment and management shortcomings.