China curbs corruption in gov't procurement (Xinhua) Updated: 2006-05-22 16:59
The Chinese government on Monday signaled its intention to crack down on
corruption in its 300 billion yuan (37.5 billion U.S. dollar) government
procurement market.
Finance Minister Jin Renqing said financial departments in charge of
government procurement would coordinate the crackdown in a nationwide campaign
until the end of this year.
The ministry would join with departments in charge of state assets in the
fight against corruption involving property rights, said the minister.
Jin told a Finance Ministry tele-conference on the fight against corruption
that the government would create and improve mechanisms for the long-term
prevention of corruption.
He said the government would continue financial reforms and promote
government transparency as part of the effort to reduce corruption.
The ministry published a telephone hotline number for the public to report
corruption and irregularities earlier this month.
Government departments, including the Finance Ministry, and local governments
have set up anti-corruption squads in response to the decisions by the central
authorities earlier this year.
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