China's finance minister has hinted at a weakening Chinese economy

China's finance minister stressed that the Communist Party and government agencies should spend austerity days, revealing once again the weakness of China's economy.
China People's Network reported on March 6 that at the press conference on the economic topic of the 2nd session of the 14th National People's Congress, Chinese Finance Minister Lan Fuan answered questions from reporters and stressed that the Communist Party and government agencies should spend more money and concentrate their financial resources to do great things. .
Lan Foan also emphasized in this year's government work report that it is a clear requirement of the Party Central Committee that the party and government agencies should be frugal, and that governments at all levels should take the lead and handle everything economically. This is not a temporary need, but a long-term plan.
Finally, Lan Foan asked to continue to strictly control the management of the three types of government expenses, such as meetings, camandirop, property distribution, and government procurement, strictly enforce the regulations, implement the demand for frugality in the right place, strengthen the budget limit, and streamline unnecessary festivals, forums, and exhibitions.

It turns out that China's stock market is currently at a five-year low, and the yield on China's 30-year government bond has fallen to an all-time low. In addition, due to the punishment of foreign companies involved in Uyghur forced labor in East Turkistan and the strict control of the Chinese regime, foreign investors began to transfer their investments in China to other countries. These factors have affected China's economy, which has fallen to its lowest point in 30 years.