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High-ranking corrupt officials in China earn eight to fourteen times their regular salary by profiting from corruption, study based on official data says

cross-posted from: feddit.org/post/610385

Corruption is especially widespread among officials with already high incomes and has a massive impact on earnings. While only seven per cent of officials proven to be corrupt would normally belong to the top one per cent of earners in urban China, the figure would rise to 91 per cent when considering illegal income. However, the far-reaching measures already taken by China with 3.7 million sanctions systematically inhibit corruption.

These are the findings of a study conducted by Germany’s ZEW Mannheim with the City University of New York in the U.S. The study is the first of its kind to analyse the financial benefits of corruption for the individual perpetrators, drawing on data from the Central Commission for Discipline Inspection of the Communist Party.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

This is a country Tankies insist is a communist one, and to which they give their full support.

MagicShel ,

Looks at Congress and then the Supreme Court.

Yeah, seems about right to me.

nondescripthandle ,

Wonder how much insider trading alone nets them. You could probably write this article about a dozen different countries.

MagicShel ,

That’s exactly my thinking. I’m no fan of China, but is this even relatively egregious? I mean it should be, but it’s hard to criticize from within our glass house.

beetlejuice0001 ,

Just because it happens so frequently doesn’t mean it should be normalized. They should be hanged and their successors finances scrutinized that much closer due to the known likelihood of corruption.

nondescripthandle ,

It probably is pretty bad, but like what are we supposed to do about Chinese officials taking bribes when we can’t stop our own officials from taking bribes.

TheBigBrother ,

Just wait until they got catch in the move, they are going to hang them instead of forgiving them.

The Chinese doesn’t joke about political corruption.

DrunkenPirate ,

Sure, and the successor won’t become corrupt when owners, industrials and richs hand over some envelopes to make things faster. Two years and 8 envelopes later, he will take it as all his peers do as well.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

And yet the political corruption never seems to go away.

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