Wednesday, August 1, 2007

Chinese Corruption Watch

The Chinese government is coming under more fire for corruption:

Wang argues that the Government needs to remove itself from part of the economy for a fourth time if China is to sustain its phenomenal growth rate.

"The first thing we need is transparency to stop corruption and increase efficiency," Wang says.

His report shows the Government bureaucracy is getting much bigger, even as the services it delivers are shrinking.

Certainly, a glance at recent Chinese media would suggest that corruption and its associated inefficiencies have never been a bigger problem.

Local officials are covering up a child-slave trade in Shanxi; a former Shanghai party boss is about to be prosecuted for "huge" embezzlements; the former head of Sinopec, Asia's largest oil refiner, has been detained for questioning.

And it goes on.

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