男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

  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: 五峰| 平潭县| 那曲县| 永寿县| 炎陵县| 通化县| 汉源县| 藁城市| 垦利县| 射洪县| 新泰市| 连南| 新河县| 遂川县| 自贡市| 延安市| 安泽县| 交口县| 正镶白旗| 宝丰县| 卢湾区| 封丘县| 自治县| 格尔木市| 佛山市| 恩施市| 南漳县| 淮阳县| 东兴市| 蕉岭县| 尚志市| 永和县| 丘北县| 连州市| 永春县| 霍林郭勒市| 宝应县| 毕节市| 泰来县| 彝良县| 望城县|