Lawyer in battle with ministry over gov’t stimulus plan

发布时间:2013-11-04 共1页

  A Shanghai lawyer made a formal request with the Ministry of Finance this week to make public the detailed expenditure of the country's four-trillion-yuan fiscal stimulus package (585.5 billion U.S. dollars).
  Yan Yiming, a lawyer specializing in securities case and owning a law firm named after himself, said he was dissatisfied with the ministry's previous response to his request which said it was improper to have the information released.
  The current formal request made this week, an 'administrative reconsideration', must get a reply from the ministry within 15 days, according to the Chinese law.
  Yan submitted his previous request to the Ministry of Finance (MOF) and the National Development and Reform Commission (NDRC), China's top economic planner, on Jan. 7. According to Yan, The MOF reply came less than two weeks later but the NDRC remained silent.
  The Ministry of Finance said in a written reply that the plan details should be released after it was approved by the National People's Congress, China's top legislature.
  "There is no state secret in the stimulus plan, then why not make it public for better supervision?" Yan said.
  An NDRC official told Xinhua over the phone that Yan's application was still "under consideration", and the government was studying the issue.
  If the two departments both eventually refused his application, Yan said he would sue.
  "Supervision on fund use is crucial for the successful implementation of the stimulus plan, since it helps to avoid corruption and inefficiency," he said.
  LAWMAKERS URGED TO PRESS FOR TRANSPARENCY
  As the annual national legislature meeting is to open in March, Yan hoped legislators could join them to press the government to be more transparent with the massive stimulus package.
  Yan is not alone in questioning the hefty package announced by the government last November to prevent the Chinese economy from declining too fast. Many people concerned about fund misuse, corruption and their effect on macroeconomic control.
  Beijing-based China Youth Daily carried an editorial last week saying that every Chinese citizen had the right to know how the government would spend the four trillion yuan. "It is constitutional. But we cannot find out exactly where the four trillion yuan will be invested from the information already released by the government," it said.
  Under the Regulation on the Disclosure of Government information issued by the State Council, China's Cabinet, government officials must disclose information concerning the interests of Chinese citizens, corporations and other organizations. Issues of national, public and economic security and social stability are exempt.
  Laoye, a netizen from Hubei, put on a post on Jingchu.com affiliated to the Hubei Daily Group, urged legislators to demand the government for a clear breakdown of the expenditure.
  Special inspection teams with members from the Ministries of Supervision and Finance and the NDRC have been sent to localities shortly after the package was announced to scrutinize fund use.
  The State-owned Assets Supervision and Management Commission made an announcement on Sunday, reiterating that it would closely watch over projects implemented by state-owned enterprises (SOEs) in the country's massive stimulus package to prevent corruption.
  However, None of them released reports on their inspection results.
  TRANSPARENCY NEEDED FOR BOOSTING CONFIDENCE
  Xia Bin, director of Financial Research Institute of Development Research Center of the State Council, suggested to the government that it should establish an evaluation system to gauge the economic effect of the stimulus package on a monthly or quarterly basis.
  The government could then adjust its macroeconomic policies according to the latest development and the changing global economic situation, he said.
  Xia's opinion was echoed by Chi Fulin, executive director of the China (Hainan) Reform and Development Research Institute, who stressed that supervision and evaluation were of equal importance to the plan implementation.
  "Public demand for greater transparency in the government stimulus plan reflects people's worries over China's uncertain economic outlook and the effect of the macroeconomic policies," he said.
  However, it might be impractical for the government to release the overall plans of the four trillion yuan investment right away, as it would take two years to have it fully implemented, said he.
  What the government could do, Chi said, was to release its fund management details for the current period to boost public confidence in the economy.

百分百考试网 考试宝典

立即免费试用