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China's fiscal budget has four parts: general fiscal budget, budget for government funds, budget for operating income of state-owned capital, and social insurance budget. [ 40 ] : 353 The largest part is the general fiscal budget, which is a unitary budget that is allocated between central fiscal and local fiscal budgets.
Chinese politics have long been defined by the competition between intra-party factions' ability to place key members and allies in positions of power within the CCP and Chinese government. [50] [51] [52] Under general secretaries Jiang Zemin and Hu Jintao, the two main factions were thought to be the Tuanpai and the Shanghai Clique. [51]
The Chinese government has promoted the internationalization of the renminbi in order to wean off of its dependence on the U.S. dollar as a result of perceived weaknesses of the international monetary system. [339] The renminbi is a component of the IMF's special drawing rights and the world's fourth-most traded currency as of 2023. [340]
The Maoist Communist Party of China (Chinese: 中国毛泽东主义共产党) is an anti-revisionist communist party founded in 2008. The party seeks to initiate a "second socialist revolution" to re-establish the dictatorship of the proletariat. It has been subject to crackdowns by the Chinese government. [29]
Post holders are usually the de facto leaders of the People's Republic of China. Currently, the General Secretary holds the authority of Paramount leader in China. Because China is a single-party state, the General Secretary holds the highest political position in the PRC and thus constitutes the most powerful position in China's government.
Delegations from Taiwan are chosen by "consultative election meetings" composed of 120 "compatriots of Taiwanese ancestry" hailing from various provinces in China, the central government and party agencies, and the military. Since the 6th NPC, Taiwan has been given 6 deputies at the NPC. [40] The 12th National People's Congress held in 2013
The current 14th State Council has 26 constituent departments, 21 ministries, three commissions, along with the People's Bank of China and the National Audit Office. It also has a General Office, one directly affiliated specialized institution, 14 directly affiliated institutions, one office, 7 directly affiliated public institutions, and 17 ...
The Government of the Republic of China [note 1], is the national authority whose actual-controlled territory consists of main island of Taiwan (Formosa), Penghu, Kinmen, Matsu, and other island groups, collectively known as Taiwan Area or Free Area.