Hold investment cheats accountable

According to the official data of a city in East China's Jiangsu province, the foreign investment it attracted rose dramatically to $547 million in 2009, $1.05 billion in 2010 and $1.61 billion in 2010. Year-on-year increases of 35.1 percent, 92.2 percent and 54.1 percent, respectively.

However, these remarkable figures have been artificially inflated as some grassroots governments in the city have pretended to attract foreign investment by organizing "designated persons" to transfer US dollars from overseas into special accounts and then reporting it to the higher authorities as overseas investment in the local economy.

According to a recent media report, it has been confirmed that at least 31 grassroots governments in the city have been involved in fabricating foreign investments in this way.