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With growth in fiscal revenue set to remain sluggish this year, officials are cutting back on general spending and scrapping some investments
China's three major A-share indexes closed higher across the board on Monday, the first day that the country opened trading in the Year of the Dragon, heralding a strong start to the new year.
China on Sunday reported record-high figures for domestic travel and spending during the just-concluded Chinese Lunar New Year holidays, with both figures also largely exceeding those of the same period in 2019 before the outbreak of the COVID-19 pandemic, further indicating that recovery in consumption is picking up pace.
China and Israel share similar economic priorities, with Israel's strengths in areas such as HealthTech, AgriTech, Greentech, and Cleantech, offering significant collaboration opportunities.
No stationery at government meetings, a ban on flashy buildings and inspectors to watch for wasted food at official functions. These are some of the measures that local governments across China are taking in accordance with an order from Beijing that they “get used to belt-tightening,” an edict laid down…