Tuesday, January 22, 2013

China's Social Media Support Fiscal Transparency

The year 2011 was dubbed ‘the first year of government affairs microblogging’ in China.
Reversing a decades-long practice of secrecy over government financial information, the Chinese government has opened its books to the public. In addition to continuing to provide information through official channels to government bodies and political institutions, Chinese government departments have taken to the internet to disseminate financial information to the public. Hundreds of millions of Chinese netizens now have access to this information, and many use it to complain about official corruption. What effect this public feedback will have on government policy and official conduct remains to be seen. However, we predict that once the books of the government are opened, it will be impossible to close them again.
#China #Social Media @SocialMediaCorp

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