Officials race to comply with Xi’s austerity rules as inspectors come knocking

Jun 7, 2025 | INVESTING

As Elon Musk’s so-called Department of Government Efficiency was shaking up federal agencies in America with deep spending cuts, bureaucrats in China were also feeling the heat.
Since mid-March, thousands of Chinese officials have been scrambling to comply with President Xi Jinping’s austerity orders – making sure their offices are modest, their meal receipts are in order and returning any lavish gifts – as inspectors carry out checks.
The campaign has been running since 2012 and takes aim at…

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