|
CHINA> National
![]() |
|
China to audit gov't spending, stimulus projects
(Xinhua)
Updated: 2008-12-30 10:41 BEIJING -- China will step up audits of new projects, state-owned enterprises and financial institutions next year to make its macro-control measures more effective in fighting the financial crisis, the country's chief auditor said here on Monday.
Auditors will focus on potential risks in government finance and "watch for possibilities that economic woes might lead to social unrest or even political problems," said Liu. Money newly allocated to be spent late this year, part of a 4 trillion yuan (580 billion US dollars) stimulus plan, will get special attention in 2009, he said. The government added 100 billion yuan of investment to fourth-quarter spending to spur domestic economic growth. Audit agencies will ensure investment in the new projects is properly used and focus on revealing extravagance, corruption and use in smokestack projects, said Liu. He said more than 104,000 enterprises and agencies were audited from January to November. He said 290 people, including 64 officials, had their cases referred to judicial or disciplinary agencies. Another focus in 2009 would be to overseas investment by state-owned companies to make sure such investment is safe, while misjudgment and managerial problems that lead to state-owned asset losses will be revealed, Liu told the conference. The NAO examined the impact of the global financial crisis on Chinese lenders and the economy in the second half of this year, said Liu, without disclosing the results. He pledged to continue checking the asset quality and performance of financial institutions and helping them improve risk control. |
|||||
康保县| 安顺市| 西充县| 新干县| 文成县| 伊春市| 改则县| 墨竹工卡县| 奉化市| 商城县| 西藏| 法库县| 清原| 从化市| 察哈| 华安县| 禹城市| 金昌市| 通河县| 壶关县| 肃北| 都匀市| 壤塘县| 唐河县| 保德县| 嵊泗县| 武邑县| 中山市| 莆田市| 乌拉特前旗| 临海市| 满城县| 金坛市| 广昌县| 乡宁县| 交城县| 衢州市| 阳泉市| 玛多县| 炉霍县| 穆棱市|