China is becoming a pocket by filling the pockets of Pakistan! Cut in expenses, now from liquor to cigarette … ‘

China Government: China, which was once among the fastest growing economies in the world. Now economic lethargy and budget is struggling with pressure. President Xi Jinping has given a clear order to government officials across the country to cut travel, food and office expenses. This step is not only a sign of bringing discipline in government expenses, but also gives a glimpse of China’s internal economic troubles. After the government’s decision, government employees will have to think about the expenditure of liquor, cigarettes. China is the same country that works to fill the pockets of Pakistan. Today the situation has become such that it has been necessary to curb his own expenses.

According to the report of the Xinhua news agency, the order is clearly proof that the Xi Jinping administration is now forced to adopt a decisive attitude against extravagance. In China’s economic system, local governments used to earn revenue from land buying and selling on a large scale, but in recent years there has been a huge decline in land sales, which has increased the budget deficit and the debt burden has reached the peak. For this reason, at the end of 2023, Xi Jinping gave a clear message that the habit of ‘belt-tight’ has to be done, that is, the expenses at every level have to be controlled. Now this policy is being implemented on land in 2025.

The stock market affected
The impact of the decision to cut government expenditure also showed directly on the Chinese stock market. The Consumer Staples Stock Index recorded a decline of 1.4%, while the premium liquor-making Kweichow Moutai Company’s stock fell 2.2%-which is the biggest decline in six weeks. Experts believe that this decline suggests that the market has become uncomfortable due to the possibility of decrease in consumption from government institutions.

Strict monitoring on corruption and extravagance
Xi Jinping has intensified the anti -corruption campaign over the years, punishing hundreds of officers. Now the control mechanism is being tightened under efforts to curb extravagance. The Beijing administration has asked local governments to make budget reviews, debt risk management, and reduction in utility expenses.