China Financial Daily

Audit: 13 errors caused by the central level decision-making 6372000000
This morning, at the first plenary meeting of the ninth meeting of the NPC Standing Committee, the Audit Commission for the Auditor-General Liu Yi, “the State Council on the 2008 central budget implementation and other financial income and expenditure report on the work of the audit.” On the corporate audit situation, Liu Yi pointed out that the China Aerospace Science and Industry Group 13 central enterprises, such as the audit found that more than 13 enterprises of 1.286 billion yuan of profits and less profits of 5.369 billion yuan, total assets of more than 967 million yuan less of the assets of 5.847 billion yuan; as a result of the decision-making mistakes, mismanagement and irregularities in operation, resulting in loss and loss of 6.372 billion yuan of state assets.

In business development, guidance and support enterprises to enhance the core competitiveness of the relevant policies and measures to be further improved. To the automotive industry as an example, most of the domestic automobile manufacturers to adopt “market for technology” means the joint venture with foreign companies, but in terms of technology, brand, product manufacturing and marketing networks to protect the rights and interests of the Chinese side to promote the “market for technology” requirement does not sound, not only the impact of the “market for technology” and the results are, to some extent also reduced the market their own brands.

In response to these issues, the relevant departments and enterprises to actively reform. Multi-meter and less of accounts have been adjusted; to have caused the loss of the relevant personnel responsible for accountability and further improve the internal management and control systems; on policy measures related to the problem is not perfect, the relevant departments are studying sound system .

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