国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  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
         
潮州市| 施甸县| 宽甸| 汪清县| 兴化市| 镇赉县| 大洼县| 涿州市| 博湖县| 井研县| 汝州市| 大安市| 尉犁县| 南雄市| 抚松县| 略阳县| 阳信县| 读书| 丹棱县| 临泉县| 新宾| 万年县| 吐鲁番市| 雷波县| 阜新市| 大渡口区| 中方县| 湟源县| 江都市| 梧州市| 棋牌| 新余市| 康马县| 五原县| 固始县| 玉龙| 阜宁县| 北海市| 西盟| 徐州市| 湛江市|