BEIJING, Jan. 26 (Xinhua) -- Chinese Premier Li Qiang on Sunday held a symposium at the Great Hall of the People with representatives of foreign experts who have won the 2024 Chinese Government ...
China's local governments issued new bonds worth 4.72 trillion yuan (US$658.25 billion) in 2024, data from the Ministry of Finance showed Friday. Of the total, special bond issuance came in at 4.02 ...
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 ...