Yes, one of the problems with China seems not only to be that the party is corrupt, and encourages corruption, but that it is immune from investigation and punishment.
I read a book this summer about the Chinese Communist Party (http://www.amazon.com/The-Party-Secret-Chinas-Communist/dp/0...), and was rather surprised to find that the party exists outside of the Chinese legal system. So there's this entire apparatus that cannot, under Chinese law, be investigated, sued, or otherwise held accountable.
I think that it's somewhat inevitable that power without accountability will lead to massive corruption -- all the more so when you're dealing with a country as immense as China, which has accumulated such wealth in recent years.
I find it easy to believe that some wealthy Chinese, unsure of when the party (so to speak) will be over, and when they might be accused (rightfully or not) of corruption, just decide to leave.
I read a book this summer about the Chinese Communist Party (http://www.amazon.com/The-Party-Secret-Chinas-Communist/dp/0...), and was rather surprised to find that the party exists outside of the Chinese legal system. So there's this entire apparatus that cannot, under Chinese law, be investigated, sued, or otherwise held accountable.
I think that it's somewhat inevitable that power without accountability will lead to massive corruption -- all the more so when you're dealing with a country as immense as China, which has accumulated such wealth in recent years.
I find it easy to believe that some wealthy Chinese, unsure of when the party (so to speak) will be over, and when they might be accused (rightfully or not) of corruption, just decide to leave.