China's fiscal revenue increased by 1.3 percent from the previous year to reach 21.97 trillion yuan (US$3.05 trillion) in 2024, according to data from the Ministry of Finance. A closer look at the ...
Hence, the local government is considered penny wise but pound foolish, wise and clever in saving small numbers of money but unwise (foolish) and wasteful with large sums. In Chinese, we use a similar ...