China makes steady progress in fiscal fixes
China has almost addressed all the fiscal irregularities from 2018 identified in an audit report, according to the country’s top auditor. Such rectifications involved about 310 billion yuan ($44.33 billion), said Hu Zejun, head of the National Audit Office. Many local governments have rolled out measures to push forward related rectifications, and different departments have enhanced coordination to improve rectification efficiency, Hu said. The NAO would continue to follow up on the rectification progress, Hu said.