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430 punished for malpractices in using stimulus plan package in China

430 punished for malpractices in using stimulus plan package in China

05 January 2011 04:43 (UTC +04:00)

Baku-APA. A total of 430 people have been punished for violating laws and disciplines during a national inspection to find out whether China’s huge economic stimulus package was properly used, APA reports quoting Xinhua News Agency.

China’s disciplinary inspection and supervision organs launched a nationwide campaign, starting from the fourth quarter of 2008, to check the implementation of the country’s 4 trillion yuan (roughly 604 billion U.S. dollars) stimulus plan.

The plan was introduced in late 2008 to boost domestic demand in response to international crisis.

A total of 314 cases were registered, and the investigations of 291 cases were concluded as of the end of August 2010.

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