The Financial Collapse of 2001 Unwinding Message Board

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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (8396)	1/20/2022 1:52:49 AM
From: Snowshoe	Read Replies (2) of 13801

re <<fine tuning the economy to remove fat>> China’s civil servants ordered to tighten their belts scmp.com - Local governments across the country are cutting back on a range of perks and bonuses as part of a drive to reduce costs - Some public employees have seen their monthly pay packets fall by up to a third Updated: 3:12 pm, 12 Jan, 2022 While the cuts have prompted a flurry of complaints on social media by civil servants who are struggling to make ends meet, Premier Li Keqiang last week said a round of belt-tightening was necessary to boost the flagging economy. Noting that China had lowered taxes and fees by as much as 8.6 trillion yuan since 2016, Li said the process must continue so the government could give more benefits to businesses and energise the economy.

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