Tony Sagami - Veteran investment advisor and a leading expert on Asian markets.

Corruptions flourishes amidst communism

by Tony Sagami on December 31, 2008

in Asian Market, Stock Market in China

China is a fantastic country filled with wonderful people. I am not a fan of communism and one of its inevitable byproducts is corruption. This interesting article tells just how pervasive corruption is in China and rightly points it fingers at dishonest communist party officials looking for easy money.

“Corruption accounts for an estimated 3% to 15% of a $7-trillion economy,”

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{ 1 comment… read it below or add one }

1 Roger Wallace MEd 11.29.99 at 7:00 PM

Having lived/taught at universities in China, I think corruption is more than 15-25%.The military underwrights most new business’, and new building construction. They are in all major universities and “private schools”. I wouldn’t
trust any offical to tell the truth about anything. Beijing can say what they want, but the provisional governments are unto them selves.

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