The Communist Party of China‘s announcement of the fight against corruption in their ranks is not the first time. This time, however, the announcement caused panic among wealthy officials.
Just a few days after the announcement, officials continue to hide money and sell off property.
The Party Discipline Supervision Committee, in a statement to a Chinese newspaper, reported real estate sales also increased among people employed in the state sector.
This year, China has commenced a five-year plan to combat corruption of officials, which has a new approach by the Chinese. Officials are now expected to disclose their assets.Source: Dziennik “Panika wśród chińskich urzędników. Władze wypowiadają wojnę korupcji”
- Corrupt Chinese Politicians are Buying Billions in U.S. Real Estate (libertyblitzkrieg.com)
- The great China corruption fire sale (smh.com.au)
- China’s anti-corruption drive triggers frantic property dump among officials (chinadailymail.com)