Is China This Bad

Holz, Carsten A. 2007. “Have China Scholars All Been Bought?” Far Eastern Economic Review (April).

“… of the 3,220 Chinese citizens with a personal wealth of 100 million yuan ($13 million) or more, 2, 932 are children of high-level cadres. Of the key positions in the five industrial sectors — finance, foreign trade, land development, large-scale engineering and securities — 85% to 90% are held by children of high-level cadres.”

Pointer from the Marginal Revolution Web Site


3 comments so far

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