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