The National Audit Office discovered that millions of yuan were withheld, misappropriated, or fraudulently claimed by agencies and individuals
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Parents play with their children at a park in Jiaxing, Zhejiang province, on April 7, 2026. Photo: IC
A sweeping national audit revealed that dozens of local governments misappropriated $4.12 billion intended for rural…
‘Big Four’ state lender used employee pocket change to exploit mutual fund loopholes
Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor…
A Shanghai court has dismissed a civil dispute over nearly 100 million yuan in assets between two former public servants,…
The scheme is China's first nationwide subsidy of its kind as the government tries to tackle a looming demographic crisis.
But analysts warn the cash transfers may be too little, too late.
