False reporting, bribery blight China capacity cuts: Xinhua

摘要

Fraudulent reporting and briberyhave become the latest hurdles challengingChina’s efforts to tackle steel overcapacity,state media reported Tuesday.In Shijiazhuang, Hebei province, severalground-level officials are being investigated,with at least one having been sentenced toeight-and-a-half years in prison for acceptingmillions of yuan in "gratitude fees," whichallowed companies to falsely report capacitycuts in order to qualify for central governmentcompensation, Xinhua News Agency said.