100 billion yuan stimulus package to be inspected tightly

The Communist Party of China's Central Commission for Discipline Inspection, the National Development and Reform Commission, the Ministry of Supervision, and the Ministry of Finance and the National Audit Office jointly announced that they would impose strict inspection on potential waste and fraud in the implementation of its 100 billion yuan economic stimulus package.

Inspectors will check whether the money is used to build office buildings or guest houses of Party and government departments.

The notice also urged inspectors to pay close attention to project quality. Investment in smokestack industries or those that create excess industrial capacity must also be prevented.

The notice put central and local government departments under scrutiny and ordered inspectors to determine if any funds are held up, misappropriated, intercepted, embezzled or falsely claimed.

Inspectors said that emphasizing that the funds must be used safely, transparently and efficiently and they will check all aspects of fund use, including project planning, assessment and approval, procurement and construction.