China inks regulation to ban official extravagance BEIJING, Nov. 25 (Xinhua) -- In the latest move in China's anti-waste campaign, central authorities on Monday issued a written regulation to standardize fund management and ban Party and government extravagance. The regulation, which contains 65 items and 12 chapters, outlined the proper management of funds for various uses, including official travel, receptions, meetings, official vehicles and buildings. It is meant to guide the Party and government organs in practicing frugality and rejecting extravagance, and is an important move in the spirit of the recently-concluded Third Plenary Session of the 18th CPC Central Committee, according to a statement issued by the Communist Party of China (CPC) Central Committee and the State Council, China's Cabinet. Xinhua Insight: Pre-holiday bans show CPC's anti-extravagance resolve BEIJING, Nov. 24 (Xinhua) -- Zheng Xiaoming's greeting card orders have seen a steep decline compared with the booming pre-holiday business in past years, which he said this is partially due to a recent anti-extravagance ban issued by China's top discipline watchdog. Zheng has run a printing house with an annual turnover of about 6 million yuan (984,600 U.S. dollars) in Nanchang, capital of east China's Jiangxi Province, for more than 30 years. "In recent years, some Party and government departments occasionally competed for ostentation and extravagance, which led to huge spending and waste as well as strong reactions from the people," said a statement released after a Tuesday meeting of the CPC Central Committee Political Bureau.Full story