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flag China fixed $148B in budget issues, fixed 98% of urgent problems, and made major reforms.

flag China has resolved 1.04 trillion yuan ($148 billion) in fiscal issues from a 2024 central budget audit, with 98% of urgent problems fixed and systemic reforms underway. flag Over 1,090 institutional changes were made, and more than 3,420 individuals faced discipline. flag Key actions include rebuilding 1,668 schools, aiding 102,700 landless farmers with pensions, recovering 130.83 billion yuan in misused funds, restoring 30 counties’ farmland, and addressing agricultural subsidy fraud. flag Environmental enforcement targeted 71 chemical parks, halted 30 unauthorized projects, and required pollution controls for 170 enterprises. flag New corruption risks like shadow shareholders and regulatory abuse were also addressed.

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