China Takes Actions to Curb Award-related Profiteering

Event organizers who try to turn profits by collecting fees in exchange for special award nominations may have trouble raking in more money, as the Chinese government has eliminated more than 97 percent of the award titles that are commonly used by award ceremony organizers.

The Communist Party of China (CPC) Central Commission for Discipline Inspection cut the total number of award titles from 148,400 to 4,218, forbidding event organizers from handing out awards with the words "China" or "National" in their name without approval from related authorities, according to an official from a national award assessment team.

The general offices of the CPC Central Committee and the State Council, or China's cabinet, set up a national award assessment team in Oct. 2010 to curb the practice of award-related profiteering.

Source: Xinhua