China to ban alcohol? Xi Jinping could for government officials: Report:

China will ban alcohol consumption as the Communist Party regime in Beijing considers imposing a ban that will apply to both members and government officials, Bloomberg reported.

The prohibition that may be imposed by Chinese President Xi Jinping could also apply to individuals outside their working hours, the report said. “If a ban were to be introduced, there is a risk that it could be extended to more than just civil servants,” the report added.

Speculation surrounding the move sparked market volatility, with the share price of major alcohol producers such as Kweichow Moutai, Wuliangye Yibin Co. and Budweiser Brewing Co. rocked to the limit, Bloomberg reports that.

The move could potentially pre-empt the Chinese Communist Party (CCP) taking place once every five years, where President Xi Jinping is expected to grant himself a third term.

Read more: Leonardo DiCaprio, China, deep sea fishing and the resistance that followed

In 2017, ahead of the CCP meeting, Chinese officials were banned from drinking alcohol as part of Xi’s anti-corruption efforts. In August last year, the CCP’s anti-corruption watchdog had said drinking could lead to crimes, while banning songs at karaoke venues.

At the local level, Henan’s Puyang and Gansu’s Qingcheng have banned alcohol consumption for officials during the work week, even in their private time.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous post Vaibhav Tatwawdi talks about his debut in Hindi music video saying that ‘being part of this music video was an amazing experience’
Next post Anand Mahindra Shares Viral Video of ‘Wheelspin’ Says Helpful to Military- WATCH