Is China This Bad

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

http://www.feer.com/articles1/2007/0704/free/p036.html

“… 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

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