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China Audit Reveals Billions of Rural Funds Diverted for Local Debt
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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Timeline cronologica
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China Auditor Exposes Local Governments Faking Debt Cleanups
Some regions artificially reduced balances by simply deleting records from the debt management system, the country’s top auditor says
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China Audit Reveals Billions of Rural Funds Diverted for Local Debt
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…