SOEs lack basic supervision over spending

An annual audit report released by China's National Audit Office on Sunday showed irregularities in governmental expenditures remain high, despite the central government's spending on overseas visits, official vehicles and receptions dropping sharply last year. Comments:

The national audit of the use of power is key to rooting out the misappropriation of China's fiscal expenditure for good. To put administrative power in a "cage" and keep civil servants away from corruption requires solid supervision that has zero tolerance to abuses of power.

Beijing Youth Daily, June 29