2016
After Cao Jiongfang became Party Secretary of Xiangtan in May 2016, knowing full well that the debt had already been flagged, he still pushed the "Exquisite Xiangtan Two-Year Action," rolling out 345 projects with a total investment of 61.7 billion yuan, adding 43.5 billion yuan of new debt in violation of regulations, and leaving behind 33 unfinished projects.