China’s squeeze on government spending could hurt premium seafood sales

Chinese President Xi Jinping
Chinese President Xi Jinping has led several efforts to tamp down on government spending | Photo courtesy of Octavio Hoyos/Shutterstock
2 Min

China has revised its government spending regulations to limit expenditures on entertainment and travel, including on high-end government dinners.

The “Regulations on Strict Economy and Opposing Waste in Party and Government,” published jointly by the Central Committee of the Communist Party of China and the nation’s State Council, state that high-end dishes, cigarettes, and alcohol should not be provided at work meals. Seafood species like croaker, grouper, mandarinfish, and shrimp, as well as salmon in recent years, have been staples on government banquet tables, with the new regulations set to affect sales.

The revised measures include 20 major changes related to official work meals, the use of government cars, study and inspection tours, government office and dormitory decor, and other expenditures.

The latest guidance also warns party and government officials to “lead by example in living frugally” when organizing official receptions. The Chinese Communist Party said it wants to fight what it terms the “four winds: formalism, bureaucratism, hedonism, and extravagance.”

The move represents the latest in a series of decade-long efforts implemented by Chinese President Xi Jinping to clamp down on extravagance


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