China seizes up to $157 bn of unspent local govt budgets: Sources
Angry Chinese authorities have seized up to 1 trillion yuan ($157 billion) from local governments who failed to spend their budget allocations, sources said, as Beijing seek ways to stimulate economic growth which is at its slowest for 25 years.
Sep 14, 2015, 18:15 PM IST
China`s 2015 budget deficit rate higher than declared: Minister
China`s budget deficit this year will be higher than previously declared as the government boosts fiscal spending in a bid to bolster economic growth, the finance minister said Friday.
Mar 06, 2015, 17:51 PM IST
