China's measures to avert a looming economic crisis

Hefty civil service pay cuts and a stiff fine on a celebrity live streamer are signs of growing pressures on the economy

Live-streaming queen Viya, was slapped with a hefty fine of 1.34 billion yuan (S$286 million) for tax evasion after she was reported to have evaded 643 million yuan in taxes over the past two years. PHOTO: AGENCE FRANCE-PRESSE
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As we approach the end of 2021, warning lights are flashing over China's economy, foreshadowing difficult and austere days ahead.

Apart from academics' warnings and the Central Economic Work Conference's assessment, news about civil service pay cuts in various provinces and cities has been circulating online since the beginning of the month.

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