China doubles down on austerity, but not with a Trump-style Doge approach
On Tuesday, People’s Daily, the Communist Party mouthpiece, published a long front-page article recapping an eight-point code of conduct outlined by President Xi Jinping in December 2012. It said Xi had led by example in the decade-long campaign against wasteful government spending and people who only pay lip service to their work. “The eight-point regulations…