皇冠体育app

Economy

皇冠体育app to strengthen auditing work for foreign loans, aid funds

(Xinhua)
Updated: 2011-03-30 10:07

BEIJING - 皇冠体育app's top audit authority announced Tuesday that it would enhance auditing and supervision over loans and aid funds from foreign countries during the next five years.

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Audit authorities will strengthen supervision of the borrowing, use, repayment, and management of foreign debts in a bid to use foreign capital in an effective and reasonable way, a statement posted on the website of the National Audit Office (NAO) said, without elaborating.

The statement said that during the 12th Five-Year Plan Period (2011-2015), 皇冠体育app would also step up auditing over the country's investments and institutions based overseas in order to safeguard State-owned assets.