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China pledges to root out wasteful budget spending
Financial Express Bengaluru
|March 07, 2026
BEIJING'S FISCAL SPACE SHRINKS AMID RISING DEBT
CHINA WILL ROOT out wasteful spending and strive to boost government revenue, Finance Minister Lan Fo’an said on Friday, sending a strong message of frugality soon after unveiling a more modest fiscal stimulus package for this year.
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