‘Cash cow’ subsidies: China targets fraud in farm machinery sales scheme
But some “wrong-intentioned” people had treated the scheme as a “cash cow”, according to a report on Economic Half Hour, a programme on state broadcaster CCTV’s finance channel. “Unscrupulous enterprises” colluded with others to generate sales of agricultural machinery and misuse subsidy funds for suspected illegal activities. The report cited the case of farmers in … Read more
