As the Chinese economy continues to show signs of fatigue, the Chinese Communist Party (CCP) Central and local organs are both talking about the need to tighten budgets.
The public communique of China’s National Financial Work Conference in Beijing on December 22 mentioned the term of “living under a tight budget” six times:
- “adhere to the party and government offices’ living under a tight budget,”
- “enhancing the quality and efficiency of work is to implement the living under a tight budget,”
- “form the concept of living under a tight budget, establish a system to live under a tight budget,”
- “rigorously implement the living under a tight budget,” and
- “strengthen the supervision of living under a tight budget.”
At the local level, Zhejiang Province, Jiangsu Province, and Xiamen City of Fujian Province have all introduced regulations or issued directives requiring party and government offices to “live under a tight budget.”
Source: Epoch Times, December 23, 2023
https://www.epochtimes.com/gb/23/12/23/n14142236.htm