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Three Gorges Corp. Vows to Rectify Financial Problems

Three Gorges Corp. Vows to Rectify Financial Problems

Write: Kanchana [2011-05-30]

China's largest hydropower producer is now pledging to rectify the financial problems uncovered during its most recent audit.

The National Audit Office has uncovered 31 different accounting problems with the China Three-Gorges corporation.

The company says 10 of the problems have already been cleared up, and the rest are in the process of being rectified.

Meanwhile, the national audit office has also uncovered problems with 16 other state-owned companies.