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China's fiscal budget has four parts: general fiscal budget, budget for government funds, budget for operating income of state-owned capital, and social insurance budget. [ 40 ] : 353 The largest part is the general fiscal budget, which is a unitary budget that is allocated between central fiscal and local fiscal budgets.
China's was the only major world economy to experience GDP growth in 2020, when its GDP increased by 2.3%. [7] In 2021, China's GDP growth reached 8.1% (its highest in a decade) and its trade surplus reached an all-time high $687.5 billion.
The 1982 State Constitution provided a legal basis for the broad changes in China's social and economic institutions and significantly revised government structure. The posts of President and Vice President (which were abolished in the 1975 and 1978 constitutions) are re-established in the 1982 Constitution.
China’s anti-graft campaign has led to massive fallouts across its economy, from the get-go: an estimate by Bank of America Merrill Lynch in 2014 put its cost at $100 billion; and just last year ...
The last time China publicly announced a nationwide increase in pay for civil servants was in 2015, when the government raised pay for local officials by more than 30% as part of an effort to ...
The authoritarian government in China suppresses protests that challenge the authority of the government while showing greater tolerance for protests that are rooted in localized economic or social unrest. [37] Under Xi Jinping's rule, the government has resorted to greater suppression of dissent. [37]
The State Council is gathering feedback on the preliminary plan from various provinces and government bodies, the report added, citing people familiar with the matter. China's blue-chip CSI 300 ...
The Additional Articles serve as the fundamental law of the present government of the Republic of China on Taiwan since 1991, and were last amended in 2005. The Additional Articles will sunset in the event the Republic of China regains control of the Mainland Area.