China to audit major telecom operators
Updated: 2007-09-27 13:17
Chinese auditors will launch an investigation into the country's five largest telecommunications operators from early October, the National Audit Office (NAO) has announced.
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The investigation, which will last for two months as part of an NAO plan mapped out earlier this year, aims to encourage these state-owned firms to improve management, raise economic returns and sharpen their competitive edge, said the NAO.
Last year four of the five firms - excluding China Railcom - reaped combined profits of 104.73 billion yuan (US$13.96 billion), about 14 percent of the total made by the 159 central state-owned enterprises.
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