• Image 01
  • Image 02
  • Image 03
  • Image 04
  • Image 05
  • Image 06
Need assistance? Contact Us: 1-800-255-5897

Menu

  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
  • Home
  • About Us
    • Company Overview
    • Management Team
    • Board of Directors
  • Your Loan Service Center
  • MAKE A PAYMENT
  • Business Service Center
  • Contact Us
Recent Quotes
View Full List
My Watchlist
Create Watchlist
Indicators
DJI
Nasdaq Composite
SPX
Gold
Crude Oil
Markets
Stocks
ETFs
Tools
Markets:
Overview
News
Currencies
International
Treasuries

Self-Reform is strength: Why the Eight-Point Decision matters in China

By: Binary News Network
September 22, 2025 at 02:01 AM EDT

Soon, China will be celebrating the annual Mid-Autumn Festival. Mooncakes, the traditional Chinese treat for this special occasion, have become all the rage again like they are every year around this time. Each year, tens of billions of yuan’s worth of mooncakes are sold.

Where there is no check on power, there could be corruption and misconduct. Once, various flavors of mooncakes made of expensive ingredients became favored gifts, used for gratification and to curry favor at what was supposed to be a family-oriented festival season.

That was put to a stop by the Eight-Point Decision – sets of rules implemented to improve the Communist Party of China’s (CPC) conduct, curb unnecessary formalities, bureaucracy, hedonism and extravagance. Mooncake products worth more than 500 yuan (or more than $70) are heavily monitored. What had been traditionally consumed as a celebration resumed its original functionality. Mooncakes are once again for family, not personal advancement.

It may seem mundane, but this “mooncake incident” is a reflection of what has become a nation-wide, long-term and consistent campaign by the CPC to advance full and rigorous self-governance. The Eight-Point Decision was first adopted in 2012 by the Party leadership to address chronic bureaucratic issues. Later, it was expanded into a Party-wide initiative for all members to adopt its principles to improve governance conduct.

As Chinese President Xi Jinping emphasized in June, 2025, advancing Chinese modernization is a formidable task, and the Party faces an exceptionally complex governance environment, making it all the more necessary to maintain a heightened sense of self-reform. Carrying out the Eight-Point Decision is not just about combating corruption in the narrow sense of misuse of power, but about strengthening political integrity.

Misconduct and corruption on people’s doorsteps are the most strongly felt and despised. The Eight-Point Decision is adopted so that both could be addressed at the same time. In the decade following the implementation of the Eight-Point Decision, more than 1.1 million people were reminded, reprimanded or punished for violating the rules. Some of the most senior officials, including former members of the Political Bureau and its Standing Committee, top military brass and retirees, have been investigated and brought to justice for their practices.

Lavish banquets, personal use of official vehicles or other symbolic perks of officialdom have largely faded; government departments and agencies stepped up transparency with regular disclosure of expenses; administrative services are streamlined with greatly improved efficiency; private companies could finally forgo the “personal-connection-business-model” and turn their resources and focus to innovation and greater development.

What is noteworthy is how the Eight-Point Decision has evolved from a disciplinary measure into a framework for building lasting systems of governance. It is not a one-off restraint, but it is institutionalizing a culture of accountability and standardization. By embedding rules into everyday governance—whether through digital platforms that track official expenses, or through streamlined approval procedures that cut redundant paperwork—the CPC is improving its systemic rule-based governance.

This process has gradually reshaped expectations across society. For officials, it sets clear boundaries of conduct and creates a rule-conscious mindset. For enterprises, it levels the playing field, reducing the hidden costs once needed to navigate opaque channels. For ordinary citizens, it signals that the government’s promises of fairness and efficiency are backed by enforceable rules. In this sense, the Eight-Point Decision is less about restraining extravagance during festivals, and more about solidifying a governance model that is transparent, predictable, and people-centered.

As China continues to advance modernization, such system- and rule-building will be crucial in ensuring that governance keeps pace with social and economic transformation – turning individual measures into long-term institutions that underpin stability and trust.

https://news.cgtn.com/news/2025-09-22/Self-Reform-is-strength-Why-the-Eight-Point-Decision-matters-in-China-1GRPUNOd5jW/p.html

More News

View More
News headline image
Post 35% Surge, Analysts Eye More Upside in Copper Giant Freeport ↗
Today 17:26 EST
Via MarketBeat
Tickers BHP FCX
News headline image
Why a SpaceX IPO Could Be a Major Catalyst for GOOGL Stock ↗
Today 16:53 EST
Via MarketBeat
Topics Initial Public Offering
Tickers GOOGL PL RKLB
News headline image
Can Upwork Maintain Its Comeback? Reasons to Be Bullish and Bearish ↗
Today 15:08 EST
Via MarketBeat
Tickers BLSH FVRR UPWK
News headline image
Is Tesla Overvalued? 2 Reasons It Might Be a Bargain ↗
Today 14:16 EST
Via MarketBeat
Tickers TSLA
News headline image
How These 2 Stocks Won 2025's AI Race—And What's In Store for 2026 ↗
Today 13:03 EST
Via MarketBeat
Topics Artificial Intelligence
Tickers MU STX

Recent Quotes

View More
Symbol Price Change (%)
AMZN  221.27
-1.29 (-0.58%)
AAPL  271.84
-2.77 (-1.01%)
AMD  198.11
-11.06 (-5.29%)
BAC  54.55
-0.26 (-0.47%)
GOOG  298.06
-9.67 (-3.14%)
META  649.50
-7.65 (-1.16%)
MSFT  476.12
-0.27 (-0.06%)
NVDA  170.94
-6.78 (-3.81%)
ORCL  178.46
-10.19 (-5.40%)
TSLA  467.26
-22.62 (-4.62%)
FinancialContent
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.
© 2025 FinancialContent. All rights reserved.

Having difficulty making your payments? We're here to help! Call 1-800-255-5897

Copyright © 2019 Franklin Credit Management Corporation
All Rights Reserved
Contact Us | Privacy Policy | Terms of Use | Sitemap