Thursday, March 28, 2013

Frugality And Fancy Living

While the majority of the Chinese working class live a frugal existence the ruling elite of the Communist Party lead lives of luxury and opulence, but wary of the collapse of the Soviet Union party leaders are trying to curb the worst excesses of the elite. 'In the four months since he was anointed China's paramount leader and tastemaker-in-chief, President Xi Jinping has imposed a form of austerity on the nation's famously free-spending civil servants, military brass and provincial party bosses. Warning that graft and gluttony threaten to bring down the ruling Communists, Mr. Xi has ordered an end to boozy, taxpayer-financed banquets and the bribery that often takes the form of a gift-wrapped Louis Vuitton bag.' (New York Times, 27 March) RD

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