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The majority of China's city governments lack fiscal transparency, keeping most of their financial activities from the public, according to a survey conducted by Tsinghua University. Only seven of the 81 city governments surveyed by the Tsinghua
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Central government departments have been disclosing to the public their annual budgets in recent weeks, a move that seemed unthinkable just a few years ago. Yet, despite the progress being made in fiscal transparency, experts say the data being
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