Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

It’s different for investors this time

May 19, 2025

The US and China called a truce on tariffs, but is the battleground expanding?

May 19, 2025

US dollar skids to two-week trough after US credit rating cut

May 19, 2025
Facebook X (Twitter) Instagram
Monday, May 19
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » China’s fresh belt-tightening push takes aim at white elephants, joyrides, lavish meals
China

China’s fresh belt-tightening push takes aim at white elephants, joyrides, lavish meals

adminBy adminMay 19, 2025No Comments1 Min Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 2


White elephant projects, the use of official vehicles, lavish meals and meeting venue decor are all in Beijing’s crosshairs under new rules introduced as part of an intensified government austerity drive.
The latest revised regulations to “implement frugality and cut waste” among party and government bodies were jointly issued by the Communist Party Central Committee and the State Council, or China’s cabinet, Xinhua reported on Sunday.

All regions and ministries had been urged to “conscientiously follow and implement” the regulations, the state news agency said, citing the two top decision-making bodies of China’s ruling party.

All officials should bear in mind that “it’s glorious to save and it’s shameful to waste”, the latest rules say, while urging the party and the government to demonstrate “strict diligence and thrift, and oppose extravagance and waste”, according to the Xinhua report.

An observer described the latest round of tightening as perhaps “the most detailed and stringent” since the austerity campaign was launched 12 years ago.

Analysts said the move reflected Beijing’s growing anxiety over the mounting debts incurred to finance its budget, and its aim to curb potential wasteful spending at various levels of government that had resulted in snowballing debt.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

China

The US and China called a truce on tariffs, but is the battleground expanding?

May 19, 2025
China

Trump-Xi direct talks needed soon as clock ticks on trade truce: ex-US diplomat

May 19, 2025
China

India’s Prachand combat helicopter ‘unable to compete’ with China’s Z-10: report

May 19, 2025
China

Why this earth scientist sees China as ‘the great hope’ for climate research

May 19, 2025
China

China to extend combat range of UAVs as Jiu Tian drone carrier prepares for first mission

May 19, 2025
China

Sichuan University pulls hiring notice for Japanese archaeologist after online backlash

May 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Trump tariffs to ‘weigh on’ Pakistan’s economy, says IMF – Pakistan

May 19, 2025

SME Bank Limited approves action plan for winding down SME Leasing – Business & Finance

May 19, 2025

Swedish firm Vopy to roll out payment service for Pakistani freelancers – Technology

May 19, 2025

Swedish firm Vopy to roll out payment service for Pakistani freelancers – Technology

May 19, 2025
Latest Posts

CORPORATE WINDOW: Two-wheelers’ rising popularity – Newspaper

May 19, 2025

Pivoting towards human development – Newspaper

May 19, 2025

Minister promises public relief after military success – Newspaper

May 19, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • It’s different for investors this time
  • The US and China called a truce on tariffs, but is the battleground expanding?
  • US dollar skids to two-week trough after US credit rating cut
  • Tanzanian opposition leader makes defiant appearance at treason trial | Courts News
  • Third time lucky? Richard Li’s insurer FWD files to list in Hong Kong amid rising IPO wave

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

It’s different for investors this time

May 19, 2025

The US and China called a truce on tariffs, but is the battleground expanding?

May 19, 2025

US dollar skids to two-week trough after US credit rating cut

May 19, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.