China News

China Money CorruptionChinese authorities have announced a new war on corrupt officials. In response, officials have panicked and withdrawn money from the banks, as well as selling luxury goods.

The Communist Party of China‘s announcement of the fight against corruption in their ranks is not the first time. This time, however, the announcement caused panic among wealthy officials.

Just a few days after the announcement, officials continue to hide money and sell off property.

“Henan Business Journal” reported that in southern China‘s Guangzhou province alone, there was an increase in bank withdrawals of 1.8 billion yuan. That’s about $285 million.

Chinese officials and their families also withdrew money from banks in Beijing, Shanghai and other major cities in China.

The Party Discipline Supervision Committee, in a statement to a Chinese newspaper, reported real estate sales also increased among people employed in the state sector.

This year…

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About OyiaBrown

Please send me, as a comment to this page, any old material you have for inclusion in The Daily Joke Alert - to help enable us all to have our fancy tickled regularly! Never mind the state it's in as I tidy everything up prior to publication. Don't let good material go to waste - and so much does. In the interests of the environment we should always try to re-cycle everything, especially jokes. You know that makes sense! You may find some historical stuff here, but this does not really matter as humor is fairly timeless.

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