Hundreds of thousands of accounts belonging to Chinese PLA personnel of all departments, and ranks will be audited to unearth stashed money or ‘Little coffers’, PLA daily reported Wednesday.
According to the report, President Xi Jinping headed Central Military Commission (CMC) will be investigating military personnel’s income and expenses for the past couple of years in a massive drive to curb corruption.
“The financial investigation will look into all cash flows, receipts and expenses that exceeded original budgets to uncover cases of embezzlement or so-called "little coffers," hidden caches of cash that corrupt personnel have siphoned from public funds”, Zhao Keshi, head of the PLA's General Logistics Department and leader of the audit group said.
"The investigation will dig out more tigers and flies (high- and low-ranking corrupt officials) still hidden from the current graft probe. It will also facilitate better financial management within the army to avoid the abuse of power and to build up financial discipline," Major-General Xu Guangyu, senior consultant to the Chinese Military Disarmament Control Council was quoted as saying by Global Times.
CybAero announced today that it has commenced factory testing for its three Unmanned Helicopter systems to be delivered to China Customs in January 2014. The systems are to be stationed on three new vessels China Customs will be commissioning in 2015
China's strategic missile force has deployed DF-21D anti-ship ballistic missiles to the southern province of Guangdong to stop US carrier groups from entering South China Sea waters. The DF-21D, which has attack range of 2,700 kilometers, can be used to form a blockade against the United States and allies in the Western Pacific
Chinas new cyber-security framework which has upset US business groups may have been setup in response to alleged US intrusion into Chinese business and government networks. China recently announced that it is coming up with a framework or set of guidelines governing the transmission of data and government being able to access such transmission
Russia is likely to deliver the first batch of Su-35 fighters to China between 2017 and 2018, if the contract is signed this year, according to Kanwa Defense Review. Russia has decided to sell only 24 Su-35 fighters to China
Chinas Peoples Liberation Army (PLA) plans to end all commercial activities such as livestock production, house renting and medical services in three years, as part of the on-going military reform. Governments in provincial-level regions, including Beijing, Tianjin, Shanghai, Chongqing and Guangdong, have set up interdepartmental teams to work with military authorities to push forward the efforts, Xinhua News Agency reports, adding that the Supreme People's Court has also established a panel to help the military deal with related legal and judiciary affairs
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