China's Communist Party bans club membership
Thursday, October 22, 2015
Extravagant eating and drinking, and abuse of power, are also formally banned, said Xinhua news agency.
The party has in the past warned its officials to refrain from extravagant dinners and purchasing moon cakes using public funds.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...