In both the U.S. and China, corruption has evolved over time from thuggery and theft to more sophisticated exchanges of power and profit.
Delegates leave the Great Hall of the People after attending a meeting ahead of the opening session of China's National People's Congress in Beijing, March 4, 2019. Credit: Andy Wong via AP Photos
Even as it grapples with a slowdown, the Chinese economy has come a remarkably long way. Since embracing capitalism in the 1980s, China has leaped from being one of the world’s poorest countries to its second-largest economy. Even more remarkably, it has done so despite a relentless string of corruption scandals. Economist Paolo Mauro calls China a “gigantic outlier” for its combination of breakneck growth and widespread corruption.
Data: International Mone
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from Andrew Peaple.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
At Singapore’s TOKEN 2049 conference, the Trump family and stablecoins stole the spotlight while China stayed on the sidelines. Can the Chinese Communist Party afford to ignore the crypto world that Chinese entrepreneurs have done so much to help build?
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OKPrivacy policy
