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  • August 30, 2014
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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. Business - Economy - MACROSCOPE

    ECB chief Draghi shifts emphasis from austerity to stimulus

    Posted Aug 26th 2014, 10:35am by Paul Carrel

    ... austerity to stimulus Prodding governments to do more to boost demand and hinting at European Central Bank action to go along with it marks a major shift in chief Mario Draghi's euro-zone policy away from a focus on austerity towards reviving growth. In a speech on Friday, the ECB president said it would be "helpful for the overall stance of policy" if fiscal policy ...

  3. News - China - GOVERNMENT

    Anti-graft inspectors uncover 858 cases of 'austerity violations' in Xinjiang

    Posted Jul 14th 2014, 07:46pm by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com 858 austerity violations in Xinjiang A total of 858 violations of Communist Party austerity measures were uncovered in Xinjiang during the first half of the year, with 87 per cent of the cases found in the second quarter, the region's anti-graft watchdog has said. The findings coincided with just-completed inspections by the more senior Central ...

  4. Business - Comment - LAI SEE HOWARD WINN

    Fine art transforms from austere to cool

    Posted May 16th 2014, 12:36am by Howard Winn

    ... the somewhat austere and low key art venues of former years, and now "has the coolness that used to be the preserve of other art forms such as the movies or music. There is a sort of tyranny ...

  5. News - China - PRESTIGE MOTORING

    What austerity drive? Wealthy Chinese undeterred as they flock to lavish auto show

    Posted Apr 20th 2014, 06:33pm by Agence France-Presse

    ... Agence France-Presse China’s desire for luxury cars remains undimmed by an economic slowdown and political austerity drive as the country’s growing band of wealthy motorists set ... president in March last year, Xi Jinping has mounted an austerity campaign among top officials and a highly publicised crackdown on corruption, designed to rein in spending. China’s business ...

  6. 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 ...

  7. 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 ...

  8. 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 ...

  9. 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 ...

  10. News - World - GREECE

    Greece, lenders seek to bridge differences on cuts plan

    Posted Sep 10th 2012, 06:12pm by Reuters in Athens

    ... Reuters in Athens Greek Prime Minister Antonis Samaras sought on Monday to bridge differences with the country’s lenders over a near 12-billion-euro (HK$119 billion) austerity package, ... partners in the premier’s fragile three-party coalition warned troika officials against pushing austerity too far, saying that low-income pensioners and civil servants must be spared as much ...




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