They are. I know of this firsthand because I've done business with Chinese nationals and officials. And comparing their system with ours, grabe saatin. Although cronyism runs strong sa China, at least they're ambitious enough to pursue projects and actually
finish them. Look at the amount of roads paved, the urbanization of some cities, etc. In contrast, what about our progress?
Corruption in the government there is.. well, let's just say it's 50/50. At the very least, you can still compete without being corrupt and without having two separate books of accounts. Here in the Philippines, I daresay lahat sa industry namin is corrupt. Not just the BIR, but the BOC, the LGU, hell.. lahat nalang.
Actually, even the bigger corporations are corrupt. But it's the same as
ours. Way back in 2007 when the yuan is being tightly controlled, Bank of China was offering us a "life insurance" package but is actually a method on how to purchase the yuan (as it was artificially being controlled by the government, it has no other way but to go up). China's shadow banking industry where there are a lot of off-the-books accounts that fueled their growth is amongst the current "corrupt" issues their banking industry faces and there is mass certainty on how many off-the-book loans were made hence the pessimistic valuation of their market.
Chinese Official Fired After Dissing Fellow Citizens at Lavish Banquet | TIME.com
Official sacked over daughter's luxury wedding- China.org.cn
Chinese official sacked after 'citizen journalists' expose extravagant banquet | World news | theguardian.com
And yes, they actually get sacked. Unlike in ours where we simply took up steps to curb the use of
wang-wang. Sa kanila outright dismissal... even public shame. Eh saatin? How many Land Cruisers have you seen on the road bearing the "8" congressional plate? Not just once I presume. And I'm pretty sure Estradas doesn't ride in a Vios. Noo... they cause a 2-hour long traffic jam in Manila's City Hall just to file for their certificates of candidancy with 10,000 people behind them marching just to get their own share of $$$ afterwards.
Erap supporters want 'balato' | ABS-CBN News
Balato. Amp nalang.