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.
- In Tuesday's Papers: Economic Work Conference Starts in Capital, Officials Will Be Graded on More than Economy
- Industry Waits to See Whether China Mobile and Apple Will Finally Make a Deal
- Why the PBOC Took the Regulatory Lead on Bitcoins
- Closer Look: Lunar Rover Is One Small Step Forward for China's Space Program
- The Week in Photos: November 30 – December 6
- Without a Home
- An Interesting Ride in the Year of the Horse
- TCM Still Struggling to Find Cure for Its FDA Woes
- In Monday's Papers: Russian Ruble Can Be Freely Used in Border City, Central Bank Permits Interbank Trading of CDs
- Alibaba to Invest over HK$ 2.8 Billion in Haier Subsidiaries
- Sign up to receive our free daily newsletter
- Yi Gang: China's Forward-Thinking Forex Chief
- As U.S. Refuses a Dirty Fuel, China Only Too Ready to Increase Imports
- Never Ladies of Leisure
- Tough Timing
- Coal Industry Finds Itself at a Crossroads
- Evergrande Partners with Harvard to Build Hospital in China
- Ruins of Urbanization
- In Friday's Papers: China, U.S. to Enhance Cooperation on Shale Gas; Wang Qishan 'May Only Serve Five Years'
- Closer Look: Visit by Cameron Focuses on Trade and Investment
- Yi Gang: China's Man for Market Logic