Understanding China, One Blog at a Time

An American in China

Chicom Thieves, Coming Soon to a Home Near You

Posted by w_thames_the_d on September 5, 2013

The latest wave of Chinese immigrants is bolstered by the flight of crooked communist leaders and their children. They bring to civilization, their corrupt ways, ignorance and lack of humanity.


During the recent trial of Bo Xilai, the disgraced former member of China’s elite Politburo, prosecutors presented evidence that Bo’s wife Gu Kailai bought a villa in France worth over $3 million. The Bo family, however, is just one of a multiple of officials with assets and family members abroad, including in Europe, Australia, Canada, and the United States.

Zeng Wei, the son of another former member of the Politburo, Zeng Qinghong, paid US$28 million for a century-old mansion in an eastern suburb of Sydney in 2008, according to a report by the Sydney Morning Herald in April 2010.

Chinese people are legally restricted to transferring no more than $50,000 out of the country a year, according to state media Xinhua.

However, the Chinese economy hemorrhaged US$3.79 trillion in illicit financial outflows from 2000 through 2011, according to a report byGlobal Financial Integrity in October 2012, providing some context for the rash of real estate purchases.”



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