China doubles down on austerity, but not with a Trump-style Doge approach

China doubles down on austerity, but not with a Trump-style Doge approach

On Tuesday, People’s Daily, the Communist Party mouthpiece, published a long front-page article recapping an eight-point code of conduct outlined by President Xi Jinping in December 2012.

It said Xi had led by example in the decade-long campaign against wasteful government spending and people who only pay lip service to their work.

“The eight-point regulations are effective iron rules for the long term … They are not just for five or 10 years,” the article said.

The campaign is not only designed to prevent wasteful spending on unnecessary projects and hires, but also to crack down on officials using public money for their own benefit, for example on lavish banquets – the reason why the Communist Party code of conduct is being invoked in the austerity campaign.
The nationwide campaign started right after the annual “two sessions”, the meeting of the national legislature and top political advisory body, earlier this month.

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