Home>News Center>China
       
 

Officials to be liable for bad investment
By Xing Zhigang (China Daily)
Updated: 2006-03-10 05:57

Government officials and heads of State-owned enterprises (SOEs) will be held accountable for bad investment decisions that cause huge economic losses, China's top auditor said yesterday.

Auditor-General Li Jinhua said inspectors will conduct economic responsibility audits on government officials and SOE chiefs, and assess the cost-effectiveness of major infrastructure projects in order to avoid the misuse of State funds.


Auditor-General Li Jinhua [newsphoto/file]
"In line with the newly-amended Audit Law, we will audit government officials and SOE managers for their economic responsibilities during their tenure in office," he said.

"Meanwhile, conducting cost-effectiveness audits on major infrastructure projects will become a very important task for us at the next stage."

The top auditor stressed the main aim of these audits is to expose problems involving economic losses and wasted resources in huge infrastructure projects.

Li made the comments on the sidelines of the on-going annual session of the National People's Congress (NPC), China's top legislature.

He once warned of massive economic losses resulting from bad investment decisions by government officials and SOE heads, saying, "wrong decision-making is more serious than embezzlement and corruption."

In his report to the NPC Standing Committee last June, Li said auditors in a 2005 campaign discovered the illegal use of 1.6 billion yuan (US$198 million) in 10 large SOEs.

In stark contrast, economic losses caused by wrong decision-making and mismanagement stood as high as 14.5 billion yuan (US$1.7 billion) in these firms.

Growing calls for government officials and SOE heads to be held responsible for bad decisions have been addressed in the newly-amended Audit Law.

Article 25 of the law, amended by the NPC Standing Committee on February 28, and to be enacted on June 1, authorizes auditors to conduct economic responsibility audits for the first time.
Page: 12



Sandstorm hit Hohhot
Counterfeit name brands confiscated in Beijing
Panda plays with "puzzle feeder"
  Today's Top News     Top China News
 

Corruption in mining investment faces action

 

   
 

Japan FM's remarks on Taiwan condemned

 

   
 

Officials to be liable for bad investment

 

   
 

Legislators to step up supervisory work: Wu

 

   
 

US trade deficit reaches record US$68.5b

 

   
 

Binhai area promises big growth

 

   
  Officials to be liable for bad investment
   
  Tianjin to raise funds to develop new area
   
  Migrant workers' families need aid
   
  Forestation proposed to curb salt tide in the south
   
  Projects to further protect migrant workers
   
  NPC deputy calls for promoting Chinese
   
 
  Go to Another Section  
 
 
  Story Tools  
   
Manufacturers, Exporters, Wholesalers - Global trade starts here.
Advertisement
         
主站蜘蛛池模板: 国产国产精品人在线视| 性欧美videos喷水| 亚洲欧美7777| 精品国产青草久久久久福利| 国产成人免费av片在线观看 | 波多野结衣一二三区| 午夜视频1000部免费看| 阿娇囗交全套高清视频| 国产激情小视频| 51久久夜色精品国产| 天天干天天爽天天操| 中文字幕一区二区精品区| 日本道在线观看| 亚洲sss综合天堂久久久| 欧美精品第1页在线播放| 免费无码黄十八禁网站在线观看| 色综合久久综合欧美综合图片 | 欧美中文字幕一区| 亚洲欧美精品一区天堂久久| 男人团vip每日更新番号库| 向日葵app下载观看免费| 韩国免费观看高清完整| 国产成人免费a在线资源| 欧美精品香蕉在线观看网| 国产精品国色综合久久| 97人妻人人揉人人躁人人| 天天看片天天射| 一区二区在线看| 成人午夜性a一级毛片美女| 久9re热这里精品首页| 日本韩国欧美在线观看| 九九视频九九热| 最近更新在线中文字幕一页| 亚洲人成影院在线高清| 欧美日韩一二三| 亚洲欧美不卡视频在线播放| 波多野结衣33分钟办公室jian情| 你懂的国产精品| 神尾舞高清无在码在线| 免费看小12萝裸体视频国产| 精品午夜福利1000在线观看|