Understanding China, One Blog at a Time

An American in China

Happy Uncle Red- Parasitic Uncle Red- Corruption in China is staggering

Posted by w_thames_the_d on October 14, 2011

This paper said that this past week, yes in only seven days, Chinese tourists spent 24 billion yuan or U$3.7 billion civilized dollars on luxury goods. The interesting thing is that is an accepted fact that at least 50% of all Chinese luxury goods are given to local chicoms as bribe/gifts.

What this startling fact means is that over the past week, officials of china’s benevolent society have grown richer to the tune of 1.85 billion civilized dollars, or about as much money as the company Mutual of Omaha makes in an entire year. As a matter of fact, all of this palm greasing has now propelled China to be the worlds number 1 buyer of luxury goods. And remember that luxury goods are merely one of the perks of being in uncle red’s gang, for up to about 3% of their GDP goes to hong bao’s or palm greasing as well.

Where is Mao when we need him?

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