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  • April 17, 2014
  • Last updated: 11:16am
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  1. Business - Money - WEALTH BLOG

    Falling for austerity hook, line and sinker

    Posted Mar 11th 2013, 12:00am by Anna Healy Fenton

    ... business slump 20 per cent since officials were limited to four courses plus soup, with no more claret and expensive spirits. So reported Shanghai Daily, with the austerity drive so far costing ... do, due to dredging harvest methods which render shells too sandy. Austerity be damned- expect to pay a lot more in the mainland's top city restaurants.   For more details ...

  2. News - China - AUSTERITY

    Communist Party banquets cut by half in 2013 under Xi's austerity drive

    Posted Apr 10th 2014, 04:25pm by Andrea Chen

    ... Andrea Chen andrea.chen@scmp.com Austerity campaign 'frees cadres from obligations' to wine and dine, study finds Officials' banquet duties down by half A study has revealed ... by "setting officials free" from attending such events. Zhang revealed some of the findings of a study on Xi's eight-point austerity directive at the Beijing-based Communication University ...

  3. News - China - AUSTERITY

    Bring your own toothbrush: Austerity drive seen in the little details at NPC, CPPCC talks

    Posted Mar 06th 2014, 02:17pm by Zhang Hong

    ... no welcome banners- these are good [developments] Lei Xiahe, CPPCC delegate “Since last year, austerity and frugality have become common in the meetings. No red carpets, no flowers, no welcome ... and wasteful spending in the party. According to NPC spokeswoman Fu Ying, the central government has proposed 17 measures this year, up from 15 last year, to ramp up the austerity drive. These include ...

  4. News - China - AUSTERITY

    Austerity bites for delegates to China’s National People’s Congress

    Posted Feb 27th 2014, 12:13pm by Tanna Chong, Adrian Wan

    ... Tanna Chong and Adrian Wan in Beijing President Xi Jinping's austerity drive is likely to dampen the party spirit in Beijing as delegates gather for the annual meeting of the NPC Lavish dinners off the menu as austerity bites Shark's fin and abalone are conspicuous by their absence. Vintage wines will stay tucked away in the cellar. As deputies gather in Beijing ...

  5. News - China - POLITICS

    Conference austerity police put a new twist on 'personalised' bottled water

    Posted Feb 28th 2014, 04:57am by Staff Reporter

    ... Staff Reporter Delegates to parliamentary sessions won't be overwhelmed with fancy hotel hospitality No splashing out on bottled water Beijing has ratcheted up its campaign against waste and extravagant spending by government officials ahead of the a ...

  6. Business - Companies - EARNINGS

    Richemont misses forecast as China's austerity drive hurts sales

    Posted Jan 17th 2014, 01:10am by Reuters

    ... Reuters in Zurich Richemont misses sales forecast for quarter as wholesale channels in Asia remain cautious Austerity drive in China weighs on luxury watches Richemont, the maker of high-end IWC watches and Cartier jewellery, said Asia-Pacific retailers had been cautious in the final quarter of last year, limiting sales growth to 9 per cent at constant exchange rates, below ...

  7. News - China Insider - CIVIL SERVICE

    Communist Party's lower ranks feel squeeze of Xi's austerity drive: poll

    Posted Jan 09th 2014, 01:17pm by Chris Luo

    ... 19,000 national-level government posts. The sudden deterioration in welfare for public sector employees, as the survey revealed, is apparently a result of Xi’s high-profile austerity drive ...

  8. Business - Economy - ECONOMY

    Ireland exits bailout with warnings of more austerity

    Posted Dec 16th 2013, 04:28am by AFP

    ... Agence France-Presse in Dublin Ireland exits bailout with warnings of more austerity Ireland formally exited its three-year bailout programme yesterday, becoming the first euro-zone nation to do so, but authorities warned of further austerity to ensure economic recovery. Dublin turned to the International Monetary Fund and the European Union in November 2010 for an €85 billion ...

  9. News - World

    Denmark defies austerity and debt to remain happiest nation

    Posted Nov 11th 2013, 12:21pm by AFP

    ... Agence France-Presse in Copenhagen, Denmark They are the most indebted people in the world, live through long, dark winters and have a shorter life expectancy than several Mediterranean countries. Yet for the past four decades, the Danes have consistently ...

  10. News - China Insider - WEDDINGS

    Hunan introduces party-pooping austerity measures

    Posted Nov 01st 2013, 03:47pm by Olivia Rosenman

    ... Olivia Rosenman olivia.rosenman@scmp.com The southern Chinese province of Hunan has devised a set of party-pooping austerity measures that will restrict the size and scale of weddings, funerals and other celebrations as well as limiting gifts for its 66 million residents, according to a report in the Changsha Evening News. Personal celebrations, such as birthdays, graduations ...




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