Why China has asked its officials to cut spending on alcohol,...

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added a post in Business

2025-05-19 15:21:08 -

Why China has asked its officials to cut spending on alcohol, cigarettes and travel

China is enforcing fiscal prudence by instructing officials to cut spending on non-essential items like travel and receptions, reflecting President Xi Jinping's focus on austerity amid economic challenges and local debt concerns.

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