misuse of funds

Netizen Voices: Touring on Public Funds

As part of Xi Jinping’s efforts to clean up corruption in the party, new rules to stop officials from funding their extravagant lifestyles from the public coffers issued Last year. In November, netizen @guangzhui relayed a...

People’s Daily: Chinese auditors find 9.06 billion yuan in misappropriated funds

From People’s Daily: China’s National Audit Office (NAO) found misuse of funds totaling 9.06 billion yuan (about 110 million US dollars) in 38 government departments in 2004. The figure represented six percent of all the funds put under audit, NAO auditor-general Li Jinghua said Tuesday in Beijing when delivering a report on the performance of […]

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