A series of stories recently help paint a picture of extravagance at the official level in China.
First of all, China has announced a 5-year ban on the construction of any new government buildings.
China issued a directive on Tuesday banning the construction of government buildings for the next five years, the latest in a series of initiatives by President Xi Jinping to discourage corruption and foster frugality at a time of broad popular resentment against high-living bureaucrats.
Xi Jinping's attempt to crack down on opulent spending by government officials is well known. There were many reports about how the entire high end restaurant and banquet sectors of the economy went into freefall after a directive about cutting down on parties.
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