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The Sale of Dredging Rights for a Heilongjiang Reservoir for 3.6 Billion Yuan Has Been Questioned as a Financial Game Where the Public Foots the Bill | Cross-Strait Relations
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On October 23, Heilongjiang Province in China auctioned off the 20-year disposal rights to silt from two reservoirs in Yian County. A wholly state-owned company won the bid for 839 million yuan (approximately 3.64 billion New Taiwan Dollars), a move hailed as "turning mud into gold." However, some bloggers questioned the process, noting that the winning company was only registered on October 10, suggesting the entire process might be a financial…
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