China's overseas SOE assets not audited: Xinhua
Shanghai
CHINA does not audit the four trillion yuan (S$868.8 billion) of assets that its state-owned enterprises (SOE) hold overseas, Xinhua news agency has reported, highlighting difficulties the government faces when expanding its anti-corruption drive to SOEs.
Anti-graft authorities will inspect major SOEs this year, state media reported in January, as part of a campaign initiated by President Xi Jinping that has felled a swathe of high-ranking executives.
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