Inside China Today

Officials and businessmen abandoning the sinking CCP ship

There has been a spate of Chinese communist officials fleeing the country in recent times. In October, 2 high ranking officials went “missing” after a trip to Paris, and while one of them Si Wei-ming, Deputy District Chief of Luwan District in Shanghai has agreed to return after persuasion from officials, the other Yang Xiang-hong, Secretary of the Luchen District Party Committee in Wenzhou has refused to meet with negotiators and is refusing to return to China.
Hong Kong’s The Trend Magazine reported an article recently pointing out that while on the surface, the reason behind the recent escape by Chinese Communist officials is due to financial troubles of corrupt officials, in actual fact, the run is the manifestation of a faith crisis in the country’s system. According to State statistics, of the 4000 plus officials who have fled China, those who worked in the financial sector and State owned enterprises account for 87.5. Since 1999, funds taken out of the country by the fleeing officials is around US$10 billion per year, and is showing an upward trend.

To be successful in China, you have to agree with the unspoken rule which puts officials and businesses as one body. In order words, even if businessmen do not wish to actively commit a crime, they will do so nonetheless under the captivity of corrupt officials. The global financial crisis has hastened the decision of many businessmen to escape the country, including the CEO of China’s largest dye and print enterprise Jiang-Long Enterprises in Zhejiang province, who illegally migrated overseas with his wife.

The run of Chinese Communist Officials and business owners is not only reflecting the faith crisis within every level of the Chinese society, it also shows that the corrupt political system has reached an incurable stage. Those who have fled share one common point, that is, their tuned sense of the political environment. These people are deeply aware that the boat of the Chinese Communist Party cannot sail for much longer and they do not wish to become debtors under the Communist regime and they wish even less to go down with the ship. Fleeing before what they see is inevitable is but a reflex action to save their own lives.

the above news is brought to you by Yu Liang and hosted by Chris Thomas for Inside China Today on the SOH Radio Network