CCP thieves flee overseas with loot!

CCP thieves flee overseas with loot!

Posted in the China Forum

CHINA HUMILIATED by CCP

Port Moody, Canada

#1 Jan 22, 2013
The great communist corruption fire sale of China


By Malcolm Moore in Beijing, The Daily Telegraph January 21, 2013

FILE - In this Wednesday, Dec. 5, 2012 file photo, China's newly appointed leader Xi Jinping gestures as he attends a meeting with foreign experts at the Great Hall of the People in Beijing.

Thousands of Chinese communist officials have been panicked into a fire sale of their illicit properties and billions of dollars have been smuggled overseas as the country’s new leaders intensify a campaign to root out corruption.Thousands of Chinese communist officials have been panicked into a fire sale of their illicit properties and billions of dollars have been smuggled overseas as the country’s new leaders intensify a campaign to root out corruption.

Luxurious properties are being dumped on the market in Beijing, Shanghai and Guangzhou for anyone able to pay in cash as officials try to cover their tracks. A report by the party’s anti-corruption unit, the Central Commission for Discipline Inspection (CDIC), said “a wave of luxury home sales began last November and has accelerated since December”.
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CHINA HUMILIATED by CCP

Port Moody, Canada

#2 Jan 22, 2013
...
It said the volume of deals had intensified by “a hundred times” after Xi Jinping, the incoming Chinese president, warned that corruption could kill the party and put one of the country’s most vigorous and resolute politicians, Wang Qishan, in charge of stamping out graft.

Fu Zongmo, an estate agent in Sanya, Hainan, said his colleagues had sold two houses recently for government officials. In recent years, the tropical beaches and golf courses of Sanya have attracted plenty of speculators but recently the market has stalled.

“They never register the houses in their own names and they use a string of agents to do the deals,” said Fu. He said one company had bribed an official by buying him a property at the Mountain Water International Complex.“The property was put in the name of the official’s relative. After six months, it was sold for two million yuan (pounds 200,000), around the same amount it cost. Then the official could cash out.

“The officials often use a special mobile number and when the deal closes they invite us for dinner to end the relationship. Then they throw away the number so we cannot contact them,” he added.

The CDIC report, which was obtained by the Economic Observer newspaper, suggested that nearly 10,000 luxurious homes had been sold by officials in Guangzhou and Shanghai last year. It also claimed that $1 trillion (pounds 630 billion), equivalent to 40 per cent of Britain’s annual gross domestic product, had been smuggled out of China illegally in 2012. Economists and experts cast doubt on the figure, but said the flow of money was dramatic. Li Chengyan, a professor at Peking University, suggested that about 10,000 officials had absconded from China with as much as pounds 100 billion.

Marco Pearman-Parish at Corporation China, a company in Beijing that helps clients find properties abroad, said there had been a strong rise in clients looking for homes in the Cayman Islands.“In Beijing, half our clients are government officials,” he said.“Nine out of 10 claim to be businessmen, but it emerges over the course of the deal that they have government jobs.”

The CDIC said 1,100 government officials had fled China during last year’s national holidays in October and that 714 had been successful in getting away. In the United States, the National Association of Realtors said properties worth more than $7 billion had been bought by Chinese in the U.S. last year. Some high-end homes were now built for rich Chinese, with ponds for koi carp and a second kitchen for pungent cooking.

Jiang Ming’an, a professor at Peking University Law School and an anti-corruption adviser, said:“The government has been setting up a housing registration system and that may have scared some of the officials with too many houses. People will not take to the streets now because the economy is good. But when it slows down in the future, as the old saying goes, the fire cannot be covered with paper forever.”

The Daily Telegraph

Read more: http://www.theprovince.com/news/great+communi...
CHINA HUMILIATED by CCP

Port Moody, Canada

#3 Jan 22, 2013
"..$1 trillion (pounds 630 billion), equivalent to 40 per cent of Britain’s annual gross domestic product, had been smuggled out of China illegally in 2012."

WOW!

The thieves of the Chinese Communist Party are really LOOTING CHINA on their way out!
CHINA HUMILIATED by CCP

Surrey, Canada

#4 Jan 22, 2013
"...1,100 government officials had fled China during last year’s national holidays in October and that 714 had been successful in getting away."

The National Day holiday is a week long.

OVER A THOUSAND Chinese Communist Party thieves are fleeing every WEEK?????

HA HA HA HA HA HA HA HA HA!
CHINA HUMILIATED by CCP

Port Moody, Canada

#6 Jan 29, 2013
^That means OVER FIFTY THOUSAND CHINESE COMMUNIST PARTY CRIMINALS FLEE CHINA with CASH STOLEN from the people EVERY YEAR!

WOW!

LOTS of RATS are fleeing THIS "sinking ship!!
Sick Man of Asia

Fremont, CA

#7 Jan 29, 2013
WHY????

Sick man of asia

Century of shame

Century of Humiliation

80% are illiterate peasants living on farms.

Web search: villages peasants in china
CHINA HUMILIATED by CCP

Port Moody, Canada

#8 Jan 29, 2013
Yes, China is now the "Political Sick Man of Asia", decades behind.

Poor China.

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