China to audit govt land sale

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China will do a nationwide audit of government land sales and related deals that may shed light on rent-seeking and corruption. The National Audit Office (NAO) will conduct ‘rigorous’ checks on funds from land sales, as well land requisition, reserve and supply that occurred from 2008 to 2013, the newspaper said, citing unnamed government sources. The audit is likely to ‘disclose the rent-seeking and corruption phenomenon in various areas’, the NAO said.

Read the Reuters story in The Himalayan Times.

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