A special audit on development andconstruction of "college city" projects
reveals that rule-bending project approval and illicit taking of land practices
are obvious in the four cities of Nanjing, Hangzhou, Zhuhai and Langfang.
For example, the "Dongfang college city" in Langfang City, Hebei Province,
had devoured 6,007 mu (about 400 ha) of land, of which 5,728 mu (382 ha) are
arable land, during 2001-2002, by signing illicit contracts with local city or
village governments to build five golf courses, which seriously violates
national lawsand policies, according to a report by Li Jinhua, auditor-general
of the National Audit Office of China.
In Nanjing, capital of east China's Jiangsu Province, bank loans for
construction purpose for projects in 12 colleges reached2.728 billion yuan
(about 330 million US dollars), or 71 percent of the capital available for the
colleges.
But judging from the colleges' current income level, the repayment of the
principal and interest of the loans would taking 40 to 80 percent of the
schools' yearly income, said Li.