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