PremiumThe Anti-DOGE: China's Biggest Challenge Is Finding Way To Spend Much More Money
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By Bloomberg Market Intel analysts Jing Zhao and James Maygar
As Elon Musk targets $1 trillion in cuts to the US government’s outlay this year, China is facing a different problem: It’s struggling to spend enough money to get the economy moving again.
Over the past six years, the combined expenditure in the Chinese government’s two major budgets fell short of the annual plan by at least 1.4%, according to Bloomberg calculations based on official data. That’s largely because authorities are struggling both to generate income and find enough viable investment projects that can produce a decent return.