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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (1261)	11/6/2003 7:42:45 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China's new war on corruption By Tian Jing HONG KONG - Last year, when the Chinese government proudly unveiled a satellite telemetry scan to map the country as part of its new, much-heralded space program, the results stunned even the country's most seasoned leaders. The scan uncovered vast amounts of farmland being converted across the country for illegal uses. That in turn has kicked off another of China's massive anti-corruption campaigns to find out who was profiting from misuse of the land. So far, three ministerial-level leaders have been arrested and investigations are being conducted throughout the country. These allegations have reached into the party leadership and the Bank of China as well as local and provincial governments all across the country. "Ever since the late 1980s, the [illegal] land transfer has incurred a conservatively estimated annual loss of more than 10 billion yuan [US$1.21 billion], a figure larger than the losses caused by smuggling," according to a government report about the issue. atimes.com ======================== read that the Central gov. will start a campaign of anti-corruption at the end of Nov. should sentence a couple of hundreds of them to death.