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.
- Is the A-share market in for dark days?
- Shanghai's Natives Have No Business Scorning Migrants
- Oil and Gas Exchange in Shanghai Starts Two-Month Trial
- Gov't Once Again Tries to Pull Stock Market out of Nosedive
- Razing History
- Chipmaker Intel on a China Partnership Drive
- Beijing's Market for Second-Hand Homes Rebounds in H1
- 'Left-Behind' Children Need Our Attention Now
- Burst Bank
- China Sets 2030 as Key Date in Cutting Carbon Emissions
- Sign up to receive our free daily newsletter
- Children of Migrant Parents Left Alone to Die
- Share Price Tumble Puts Tycoon Linked to Fallen Officials, Businessmen in Spotlight
- Caixin Takes Over Sponsorship from HSBC of Markit's China PMI, Enters Financial Data Services
- China Said to Likely Enjoy Veto Power over AIIB's Big Decisions
- New Stakeholders for CITIC Securities Shake-Up
- Aliyun Data Center in HK Suffers 14-Hour Disruption
- LeTV Said to Buy 18 Pct Stake in Coolpad for HK$ 2.73 Bln
- Will 'Water Rings' Quench Beijing's Thirst?
- Slower Sales Prompt FAW-Volkswagen to Cut Bonuses, Extend Holiday
- Provinces Continue to Separate Leadership of Police, Law Committees