Stimulus spending monitored nationwide

To prevent fraud in the use of its multi-trillion-yuan stimulus package, the central government sent out 24 inspection teams nationwide last week to oversee how the money is being spent.

During the month-long investigation, the teams will set up operations at local government offices to monitor spending, as well as check on projects throughout the provinces, Wen Wei Po reported.

The Chinese public has been concerned over possible fund misuse and corruption since the announcement in November of the 4-trillion yuan ($586 billion) package. The package includes a central government infusion of 1.18 trillion yuan, plus further financing coming in the form of industrial restructuring, tax reform, scientific innovation, social welfare and creating employment.