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China’s Xi Jinping turns deleveraging sights on local governments, SOEs

Debt of state-owned firms has continued to climb, up 9.3% to 106.7 trillion yuan ($17 trillion) in the year to the end of February, according to data from China's finance ministry

2 min read3 Apr 2018
Opinion

East Asia and the new world economic order

East Asia and the new world economic order

4 min read8 Apr 2009
Opinion

East Asia and the new world economic order

East Asia and the new world economic order

4 min read8 Apr 2009

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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