A sweeping national audit revealed that dozens of local governments misappropriated $4.12 billion intended for rural revitalization to service mounting debts and prop up state enterprises
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Local governments across dozens of Chinese counties have misappropriated nearly 28 billion yuan ($4.12 billion) in agricultural funds, diverting the money to pay down mounting debts, prop up state-owned enterprises and maintain basic administrative operations, according to a sweeping national audit.
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