Aus­ter­ity cam­paign pinches busi­nesses

China Daily (Canada) - - NEWSCAPSULE -

High- end restau­rants to lux­ury re­tail­ers, are feel­ing the pinch from the gov­ern­ment’s anti-cor­rup­tion and aus­ter­ity cam­paigns.

With China’s big­gest hol­i­day start­ing on Jan 31, com­pa­nies that print cards and cal­en­dars, sell fire­works, dis­till liquor and of­fer gift items also are feel­ing the pinch.

The Com­mis­sion for Dis­ci­pline In­spec­tion of the Cen­tral Com­mit­tee of the Com­mu­nist Party of China, the top anti-cor­rup­tion body, is­sued a state­ment on Nov 21, for­bid­ding the use of pub­lic funds for greet­ing cards, gifts and fire­works.

Cus­tomers are still buy­ing fire­works to cel­e­brate the Lu­nar New Year, or Spring Fes­ti­val, which be­gins on Jan 31, but sales are down dra­mat­i­cally from last year. (Photo 2)

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