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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.
Since the founding of the People's Republic of China in 1949, the government in Beijing officially asserts to be the sole legitimate government of all of China, which it defines as including mainland China and Taiwan. This has been disputed by the Republic of China (ROC) government since the Kuomintang (KMT) fled to Taipei in 1949. The Republic ...
The Government of the Republic of China [note 1], is the national authority whose actual-controlled territory consists of main island of Taiwan (Formosa), Penghu, Kinmen, Matsu, and other island groups, collectively known as Taiwan Area or Free Area.
The system of people's congress (Chinese: 人民代表大会制度; pinyin: Rénmín Dàibiǎo Dàhuì Zhìdù) under the Chinese Communist Party (CCP) is the form of government of the People's Republic of China (PRC), and is based on the principle of unified power, in which all state powers are vested in the National People's Congress (NPC).
The current 14th State Council has 26 constituent departments, 21 ministries, three commissions, along with the People's Bank of China and the National Audit Office. It also has a General Office, one directly affiliated specialized institution, 14 directly affiliated institutions, one office, 7 directly affiliated public institutions, and 17 ...
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 Chinese government on Sunday summoned Germany’s ambassador to China, Patricia Flor, to protest Baerbock’s comments, a German foreign ministry spokesperson told CNN Monday.
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 ...