Home / Government / Central Government News Tools: Save | Print | E-mail | Most Read | Comment
China to audit major telecom operators
Adjust font size:

Chinese auditors will launch an investigation into the country's five largest telecommunications operators from early October, the National Audit Office (NAO) has announced.

Special audit teams will scrutinize China Mobile, China Telecom, China Unicom, China Netcom and China Railcom to see whether they comply with the country's financial and economic laws.

The investigation, which will last for two months as part of an NAO plan mapped out earlier this year, aims to encourage these state-owned firms to improve management, raise economic returns and sharpen their competitive edge, said the NAO.

Last year four of the five firms - excluding China Railcom - reaped combined profits of 104.73 billion yuan (US$13.96 billion), about 14 percent of the total made by the 159 central state-owned enterprises.

(Xinhua News Agency September 27, 2007)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
Most Viewed >>
Questions and Answers More
Q: What kind of law is there in place to protect pandas?
A: In order to put the protection of giant pandas and other wildlife under the law, the Chinese government put the protection of rare animals and plants into the Constitution.
Useful Info
- Who's Who in China's Leadership
- State Structure
- China's Political System
- China's Legislative System
- China's Judicial System
- Mapping out 11th Five-Year Guidelines
Links
- Chinese Embassies
- International Department, Central Committee of CPC
- State Organs Work Committee of CPC
- United Front Work Department, Central Committee of CPC