Chinese military brings tough audit system to curb corruption

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China has introduced a result-based management system to ensure efficiency of its huge military spending, which this year amounted to a whopping USD 132 billion. Under the new rules of scrutiny, individuals or units will be held accountable for inefficiency. The rules urged accurate formulation of military budgets, strengthened monitoring of budget execution, and strict accountability for those who failed to achieve the goals set.

Read the story by the Press Trust of India, in Business Standard.

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