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Join Date: 27 Apr 2010
Location:  KuwaitPosts: 303 |
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China cracks down on stimulus-linked graft |
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China disclosed widespread corruption Thursday linked to its 4 trillion yuan ($586 billion) stimulus, announcing that thousands of officials have been punished for taking bribes, embezzlement and other abuses.
The announcement confirmed public fears the flood of spending and a stimulus-linked easing of curbs on real estate development would fuel chronic corruption that communist leaders say is the most serious threat to their power. |
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