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Supervising government spending with a budget law would be a good start to force the government to save money. Eighty-two departments of the Chinese central government reduced their spending on receptions, vehicles and overseas travel by 420 million yuan ($68.4 million) in 2012. This represents 6.75 percent of their budgets.
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  • (China Daily)2014-01-20 07:04

    Policy | Giles Chance China faces some critical choices as it travels further down the road to reform, progress Is this the year in which China can convince skeptics that it can make the transition to a modern, high-productivity economy? Or will powerful vested interests block change, prolonging s...

  • By Martin Sieff(China Daily)2013-12-26 07:37

    The first year of Shinzo Abe's second term as Japan's prime minister was a domestic political triumph, but his country has paid an enormously high price for it in its long-term economic policy and standing in Northeast Asia. Prospects for peaceful cooperation and understanding in the region have tak...

  • (Xinhua)2013-08-22 10:31

    BEIJING -- The Chinese Finance Ministry Wednesday ordered all government bodies at or above county level to make public their budgets and final accounts reports by 2015. They should also release their budgets and expenditures on the use of public funds for receptions, vehicles and overseas trips, al...

  • (chinadaily.com.cn)2013-07-22 16:37

    Legislators should revise the budget law to hold civil servants who overspend accountable, said an article in the Beijing News (excerpts below). On July 18, the central government disclosed its 2012 expenditures. The 80-plus government departments spent 990 billion yuan ($161 billion) — 220 billio...

  • (chinadaily.com.cn)2013-07-17 20:33

    Supervising government spending with a budget law would be a good start to force the government to save money, said an editorial in Southern Metropolis Daily (excerpts below).Eighty-two departments of the Chinese central government reduced their spending on receptions, vehicles and overseas travel b...

  • (Xinhua)2013-03-20 10:49

    BEIJING -- Following is the full text of report on the implementation of central and local budgets in 2012 and on draft central and local budgets for 2013, which was submitted for review on March 5, 2013 at the first annual session of the 12th National People's Congress and was adopted on March 17:R...

  • (Xinhua)2013-03-20 10:36

    BEIJING -- Following is the full text of the Report on the Implementation of the 2012 Plan for National Economic and Social Development and on the 2013 Draft Plan for National Economic and Social Development, which was submitted on March 5, 2013 for review at the First Session of the 12th National P...

  • By Zhao Yinan(China Daily)2013-03-05 07:53

     Top leaders Wu Bangguo (left) and Zhang Dejiang shake hands on Monday at the first meeting of the presidium of the first session of the 12th NPC after Zhang was elected executive chairman of the presidium. Wu Zhiyi / China DailySpokeswoman said country has found an appropriate route and it is maki...

  • By Sophie He(China Daily)2013-01-11 07:00

    Govt's populist policies could threaten SAR's future rank, warns Foundation Hong Kong topped the world's freest economy list for the 19th consecutive year, according to the 2013 Index of Economic Freedom, suggesting that government measures to curb home price rises have done no harm to the city's ra...

  • (China Daily)2012-09-11 10:51

    The volume of steel reinforcement-bar futures traded on the Shanghai Futures Exchange advanced to a record on speculation that new infrastructure projects in China will increase demand.A total of 6.01 million lots of the most-active, January delivery contract were traded on Monday, up from 5.9 milli...

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