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China tightens rules on use of public funding

China's education ministry is to introduce laws preventing universities from using public funds to support business activities.

Institutes will be prevented from using university resources to run private enterprises or engage in business activities, according to the news site China Daily.

The ministry is attempting to strengthen the management of state-owned assets and prevent embezzlement or fraudulent use of funds, the site reports. The Central Committee of the Communist Party of China has set out numerous measures under a widespread 5-year plan to prevent corruption in China.

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