Zero capital, 116 projects: AI spots the devils in the details of China corruption case

Disciplinary staff in Wuhan, provincial capital of Hubei in central China, were going about their routine workday when a red alert landed. It was from a large data model – flagging a possible case of corruption. “A company took on more than 10 projects this year. Its registered capital reduced from 50 million yuan (US$7.5 million) to 10 million, yet it’s paid-in capital is still zero,” the alert said. “Moreover, over 80 per cent of the projects it took were [residential] communities from...

NewsBeagle is a discovery engine. We show the headline, a short source-supplied summary and clear attribution. The complete reporting remains with the publisher.