The Chinese government announced late last year that it would build a moderately prosperous society, but less than two months later, the Jiangxi provincial government has asked its provincial units to strictly enforce the requirement of “living a tight Life. Jiangxi, once the “base” of the Communist revolution and one of the most impoverished counties, has taken the lead in calling for “tighter living”, which is intriguing.
The Jiangxi provincial government issued a call for “living a tighter life” to the departments directly under it. The Jiangxi Daily, an organ of the CPC Jiangxi Provincial Committee, reported this Friday (Feb. 19) that the Jiangxi Provincial Department of Finance officially approved the units directly under the province in 2021, which will strictly implement the requirement of “living a tighter life” and execute the expenditure budget in strict accordance with the approved budget items, classification accounts and amounts, and strictly prohibit the tampering and mixing of budget items and economic classification The budget is strictly in accordance with the approved budget items, classifications and amounts.
Huang Xiaomin, a rights activist in Chengdu who follows the state of the Chinese government’s budget, told Radio Free Asia on Friday that in recent years, China’s top officials have repeatedly called on local governments to be frugal and live a tighter life.
Huang Xiaomin said: The recent call again, I think, may be due to two factors, the first is that the country’s economy is really in trouble, with a rising fiscal deficit and the ratio of government debt, state-owned enterprise debt and non-performing loans from banks. Local party and government authorities from the media to officials are once again shouting for a tighter life.
On the second point, Huang Xiaomin said government officials should anticipate that the fiscal balance this year is not optimistic.
Jiangxi Provincial Department of Finance pointed out that “living a tight life” as a long-term adherence to the basic policy, all units should be rigorous savings, strict regulation and control of official activities and expenses: strict and tight control of the “three public” expenses (public travel, public car and public Food and drink), the public expenditure. Vigorously reduce general expenditures such as conference fees, training fees, labor costs, etc., strictly control all kinds of exhibitions, forums, festivals and events; strengthen the management of party and government organs buildings and venues, no budget arrangements for new construction, alterations, expansion and large-scale maintenance projects, the scope of the super, super standard and official activities unrelated expenses are not written off.
Local governments “living a tight life” shows that the country’s economy is really in trouble
People’s Bank of China Governor Yi Gang said last month that China’s overall debt had reached 280 percent of GDP by the end of last year, an increase of 20 percent from the previous year, and that China should pay attention to the risk of debt and non-performing loans.
According to the latest data from China’s Ministry of Finance, the government debt balance reached to 46 trillion yuan last year, accounting for 46% of GDP, much higher than the 38% in 2019. According to the data, China’s fiscal gap will continue to widen this year, with fiscal revenue decreasing by 4% and spending increasing by 2.8% annually, and the fiscal deficit will increase significantly this year.
Data from China’s Ministry of Finance also show that local government debt continues to expand, with the balance of local government debt at the end of last year at 25 trillion yuan, an increase of more than 20%, and local governments have issued 3.7 trillion yuan of special bonds last year.
China’s GDP figures lead the world, but the government has to “live a tight life”
Ms. Li, a descendant of a retired senior cadre in China, told the station that Jiangxi Province, a “red revolutionary base” of the Communist Party of China, is not taking the lead in “living a tighter life” with the provincial government’s Finance Department.
Ms. Li said: Jiangxi is the first to propose to live a hard (tight) life, quite symbolic. Jiangxi also absolutely not possible to take the initiative to say to live a tight life. It must be some instruction or hint from the higher leadership, starting from Jiangxi. The Chinese government said the world stopped last year because of the Epidemic, but she led the world in GDP growth, but quietly said to live a tight life again.
Ms. Li believes that most people do not know the government’s financial situation, but will experience the warm and cold environment from the rise and fall of market commodity prices.
Ms. Li said: the people can feel most in the short term, prices soaring, the people do not know what the story behind, in fact, the people’s life is not bitter, the government is the first to know, including the National Bureau of Statistics.
Prices soaring people in a difficult situation
Beijing resident Huang Qun told the station that recently prices in Beijing have soared, and the people can not live to describe the people’s living environment.
Huang Qun said: “Now people are not living in peace. A catty of leeks sold to 10 yuan, beef 40 yuan a catty, cooked beef 65 yuan a catty, prawns sold to 70 yuan a catty, the price difference, the more epidemic the more cut leeks. This is our great and powerful country, the residents live a well-off level. Welfare benefits are not so high, prices do not fall. A month a thousand dollars can not earn.
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