Monday, June 20, 2011

China Media Project: Chinese media report flight of state assets

 This article by the China Media Project very briefly discusses an issue that has been a big concern in China for a long time now and one that China is often bringing up in its relations with the US and Canda.  I am of course talking about the problem of cronic government corruption that has led to at least 16,000 officals stealing an estimated US$123.6 billion since 1995. Disapearing with that money to other countries with which China does not have an extradition treaty.  To tell the truth I am not so sure if China has an extradition treaty with any country yet but it certainly does not have one with the Western countries that these officials flee to.