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Friday, May 09, 2025

Xi Jinping Advocates for Enhanced Audit-Based Oversight to Safeguard Economic and Social Development

Xi Jinping Advocates for Enhanced Audit-Based Oversight to Safeguard Economic and Social Development

Chinese President underscores audit's role in reinforcing economic security and combating corruption.
Chinese President Xi Jinping has emphasized the critical role of high-quality audit-based oversight in fostering the nation's economic and social development.

Addressing the significance of rigorous auditing practices, Xi, who also serves as the general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, highlighted audit work as a cornerstone of the Party's and nation's oversight infrastructure.

Xi's remarks, made in a recent directive on audit processes, focus on strengthening the efficacy and reach of auditing within China.

He noted that audit authorities have been pivotal in ensuring economic stability, protecting national economic security, identifying risks and latent challenges, and bolstering anti-corruption measures.

The Chinese leader called for audit bodies to prioritize their core functions by engaging in profound reform and innovation, and focus on internal enhancement to meet emerging challenges.

A centralized and cohesive audit oversight framework—one that is comprehensive, authoritative, and efficient—is seen as essential to achieving these goals.

These directives were disseminated by Wu Zhenglong, State Councilor and Secretary-General of the State Council, during the national audit work conference held in Beijing.

This event convened senior officials and representatives from across the country's audit institutions, underscoring the importance placed on this sector of governance.

At the conference, notable achievements in the field were celebrated with honors awarded to 80 audit institutions and 45 individuals for their exemplary contributions.

As China continues its trajectory of economic advancement, the emphasis on robust audit mechanisms is anticipated to serve as a fundamental pillar in managing the nation's economic and social governance.
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