China’s investment in 2016 in building 6.06 million new homes in its shanty town renovation program
These issues have led to the scenario that some affordable housing projects that have started construction a year ago are still not available for residents that need them.
The auditing authorities will push for accelerated construction of key affordable housing projects, making them available to residents in need.
A total of 53.23 billion yuan ($7.85 billion) of special funds for building subsidized housing projects were found to have not been put in place one year after the money was earmarked by central finance, audit results show. It calls for more scientific fund management for affordable housing funds, the audit office said. Inconsistence of releasing funds and construction of housing projects is also part of the reason for such delays in earmarking funds.
More tailored improvements are needed for more proper design and management of affordable housing projects; for example, government-purchased services in shanty town renovation programs also need to meet with financial budgets at local-government level.
The government invested 1.48 trillion yuan in 2016 to build 6.06 million new homes for shanty redevelopment, according to the Ministry of Housing and UrbanRural Development.
Banning of fake medical ads
The phenomenon of TV commercials for medicine using actors as doctors and medical professionals recommending certain types of medicine have led to public anger as many people said they have been deceived. The State Administration for Industry and Commerce (SAIC) has finally begun to combat the scandals.
The SAIC has recently set up a special investigation group by working jointly with the State Administration of Press, Publication, Radio, Film and Television, the State Administration of Traditional Chinese Medicine, as well as the Ministry of Public Security to give grounded research to fake medicine ad cases across the country. Each department will probe cases within their lawful mandate. Currently, investigations by the SAIC as well as market regulation authorities are underway, and investigation results will be informed to the public timely to respond to public concerns.
Actors pretending to be medical professionals in TV commercials have been a problem for many years, and reported by various media outlets. Some of the actors pretending to be medical professional have used more than 10 different titles.