Problems Found in Foreign-Funded Projects, Auditor Says
(Beijing) – Problems such as the misappropriation of funds have been found in some of the construction projects around the country that have been partly backed by foreign loans or donations.
On June 18 the nation's top auditor, the National Audit Office, released the findings of its examination of the 2010 operations of 99 projects that had foreign backing of 34.5 billion yuan out of a total 424.6 billion yuan investment. The audited projects were in a range of sectors, including agricultural, energy, transportation, education, public health and urban construction.
- Themed Dining
- Oil Giants Less Aggressive with Foreign Purchases Last Year
- Amid Graft Fight, Communist Party Wants Count of 'Unnatural Deaths'
- Closer Look: It's a Good Thing Taobao's Tussle with Regulator Spilled into Daylight
- Sinking Feeling
- Shenzhen's Circuit Breaker for Power Pricing
- Taobao, Gov't Get Real Testy over Fake Goods Accusations
- Shanghai Official Urges More Couples to Have Second Child
- Chinese Cities Go off Rails in Effort to Attract New Train Stations
- Water Works
- Sign up to receive our free daily newsletter
- Scandal-Hit GlaxoSmithKline 'to Lay Off 1,000 Employees in China'
- Gov't Had Reservations about Selling Stake in Citic Ltd. to Foreigners
- China Boots Up an Internet Banking Industry
- Caught in Rising China's Centrifuge
- Two-Thirds of Provinces Say They Missed GDP Growth Targets in 2014
- Downfall of Party Internet Policeman 'Helped Lead to National Cleanup Campaign'
- Embattled Founder Securities 'Cannot Reach Its Chairman'
- Lanzhou Shames CNPC Unit for Pollution Crises
- Provincial, Regional Gov'ts Prepare for a More Frugal Future
- Banks Trying Direct Route to Online Future