News » Politics » Chinese Officials Find Misbehavior Now Carries Cost
News » Politics » Chinese Officials Find Misbehavior Now Carries Cost |
- Chinese Officials Find Misbehavior Now Carries Cost
- Watch out Apple and Blackberry: Lenovo sister company to market kiwi
- Taiwanese One Piece fan strikes gold with tribute book
- Wuhan agrees to ditch 'ugly' metro mascots
- Whose line is it anyway? Taichung bus driver keeps 'em laughing
- Family-owned companies in Taiwan share their thoughts on succession
- Taichung man survives brain tumor for 31 years and counting
- Thankful Yilan pancake seller donates vehicle to emergency services
- China's logistics industry sees 9.7% growth this year
- Size of a cow: Hubei county corrects sculpture's conflicting signs
- Harbin man stopped in Jiangsu after 40 years driving without legs
- Tencent seeks further expansion in e-commerce
- China voices expectations for new Japanese ambassador
- RMB10bn earmarked for South China Sea infrastructure
- Eye for an eye on Diaoyutai, says Global Times
- Little hope for Taiwan's graduates, says government report
- Growth in China's aircraft industry spreads the benefits around
- More airports go up in China despite funding pressures
- Li Ka-shing invests in social media television project
- Chinese Officials Rush to Offload Real Estate Before Investigation
| Chinese Officials Find Misbehavior Now Carries Cost Posted: 25 Dec 2012 09:00 PM PST  These have been nerve-racking times for Chinese officials who once were able to cheat, lie and steal with the expectation that no one would write about it. |
| Watch out Apple and Blackberry: Lenovo sister company to market kiwi Posted: 26 Dec 2012 04:23 AM PST Legend Holdings, parent company of the Chinese computer maker Lenovo, is stepping into the garden as its subsidiary Huaxia Liancheng Fruit recently made a deal with the government of Xixia county in c... |
| Taiwanese One Piece fan strikes gold with tribute book Posted: 26 Dec 2012 04:19 AM PST A manga fan in Taiwan has shot to fame after publishing a book of his quotes from the popular Japanese comic series One Piece. Written under the pen name Mao Pai-sheng, the book — Stunning Quotes... |
| Wuhan agrees to ditch 'ugly' metro mascots Posted: 26 Dec 2012 04:19 AM PST Authorities in Wuhan have folded in the face of massive criticism from local internet users and agreed to redesign the mascots of the metro system in the Hubei provincial capital after fielding thousa... |
| Whose line is it anyway? Taichung bus driver keeps 'em laughing Posted: 26 Dec 2012 04:19 AM PST A Taichung bus driver has become a star after online videos of his amusing interactions with passengers went viral, reports our Chinese-language sister paper China Times. Thirty-three-year-old Wu M... |
| Family-owned companies in Taiwan share their thoughts on succession Posted: 26 Dec 2012 04:19 AM PST Only half of Taiwan's family businesses plan to pass ownership to the next generation, according to a report by professional services firm PricewaterhouseCoopers, our Chinese-language sister newspaper... |
| Taichung man survives brain tumor for 31 years and counting Posted: 26 Dec 2012 04:19 AM PST A man from central Taiwan has miraculously survived for 31 years after he was first diagnosed with a brain tumor, reports our Chinese-language sister paper China Times. Taichung local Bai Yu-yao, 5... |
| Thankful Yilan pancake seller donates vehicle to emergency services Posted: 26 Dec 2012 04:15 AM PST A resident of Yilan in northeastern Taiwan who sells scallion pancakes for a living fulfilled a longstanding wish by donating a support vehicle to the county government on Monday. Su Wan-chi, 74, s... |
| China's logistics industry sees 9.7% growth this year Posted: 26 Dec 2012 04:15 AM PST The total value of goods carried by China's logistics industry grew 9.7% year on year to reach 163.4 trillion yuan (US$26 trillion) in the first 11 months of 2012, an industry association said Sunday... |
| Size of a cow: Hubei county corrects sculpture's conflicting signs Posted: 26 Dec 2012 03:39 AM PST Two signs describing a giant copper sculpture of a cow in Yunxi, a county in central China's Hubei province, have been causing confusion over the past two years due to their differing statements about... |
| Harbin man stopped in Jiangsu after 40 years driving without legs Posted: 26 Dec 2012 03:39 AM PST Traffic police officers in the city of Huai'an in eastern China's Jiangsu province were shocked when they discovered that a 60-year-old man they were questioning for illegal parking had no legs and ha... |
| Tencent seeks further expansion in e-commerce Posted: 26 Dec 2012 03:39 AM PST Chinese internet giant Tencent is looking to expand its operations in the e-commerce sector, an area which has seen explosive growth in the country in recent years, though mounting online sales have b... |
| China voices expectations for new Japanese ambassador Posted: 26 Dec 2012 03:39 AM PST China expects the new Japanese ambassador to play a positive role in improving the strained relationship between the countries, a Foreign Ministry spokeswoman said on Monday. At a daily press brief... |
| RMB10bn earmarked for South China Sea infrastructure Posted: 26 Dec 2012 03:39 AM PST Beijing plans to spend 10 billion yuan (US$1.6 billion) to build infrastructure for its new and controversial city of Sansha in the South China Sea for the development of energy, fishing and tourism i... |
| Eye for an eye on Diaoyutai, says Global Times Posted: 26 Dec 2012 03:15 AM PST The People's Liberation Army will retaliate if the Japan Self-Defense Forces fire the first shot over the disputed Diaoyutai (Diaoyu or Senkaku) islands, reports the Global Times. After Chinese Y-1... |
| Little hope for Taiwan's graduates, says government report Posted: 26 Dec 2012 03:07 AM PST Only six jobs are created for every NT$100 million (US$3.44 million) invested in the country's hi-tech sector, while the same amount of money generates an average of 16 jobs in other industries, says ... |
| Growth in China's aircraft industry spreads the benefits around Posted: 26 Dec 2012 03:07 AM PST China's aircraft manufacturing industry is expecting continual growth and increasing investment in the year to come. Chinese stocks related to the defense industry have also been expanding since more ... |
| More airports go up in China despite funding pressures Posted: 26 Dec 2012 03:07 AM PST China plans to build more airports, even though a majority of these facilities are loss-making operations under enormous pressure to repay the loans that funded their construction, the Shanghai-based ... |
| Li Ka-shing invests in social media television project Posted: 26 Dec 2012 03:07 AM PST Hong Kong's wealthiest person, property tycoon Li Ka-shing, is investing US$1.5 million in an IT startup offering a service that transforms content from social media feeds into a TV experience, report... |
| Chinese Officials Rush to Offload Real Estate Before Investigation Posted: 25 Dec 2012 06:35 PM PST  A potential buyer visits the 2011 Beijing Spring Real Estate Trade Fair on April 9, 2011 in Beijing. Officials with real estate whose provenance may not hold up under scrutiny are now hurriedly selling off their holdings, according to recent reports. (Lintao Zhang/Getty Images) With anti-corruption investigations on the horizon, so many panic-stricken regime officials in China are hurrying to get rid of secret investments that some analysts believe property values in Beijing and Shanghai will drop. The China Times, a financial media, and Oriental Morning Post both reported that officials were rushing to dump property in Jiangsu and Guangdong provinces at fire sale prices this week.
A manager of a financial consulting firm in Jiangsu said that about two months ago he began receiving phone calls from a series of heavyweight customers, according to the China Times. "All of them were public servants, and strangely enough, every single one of them urgently wanted to sell off some properties," he said. An employee at a money lending operation in Guangdong Province said he has been getting plenty of "business" from public servants since March, according to the same China Times article. Some public servants told him the properties were not bought with their own salaries, so they hoped to sell them off quickly as they were afraid of being investigated. "These four houses must be sold as soon as possible. Don't sell them any cheaper than two million yuan each," one Jiangsu official was overheard saying on the phone in public. "Quick, quick, that's how we'll settle it then," reported China Times. According to South China Morning Post, "Property agents have reported receiving mass-produced text messages, for example: 'Eight sets of hard-to-find flats, owner selling all at once.'" These real estate sales are numerous enough to affect housing statistics. China Business Daily (CBD) quoted government data showing an astonishing increase in housing sales during November. Statistics from the Beijing Municipal Commission of Housing and Urban-Rural Development, and other related organizations show existing housing sales of 14,449 properties, an increase of 94.5 percent, nearly double last year's sales in the same period. Other major cities, including Shanghai and Guangzhou, are also experiencing a sharp increase in existing housing sales, according to CBD. Insiders and analysts believe this is only the tip of the "gray housing market" iceberg. They point out that anti-corruption agencies have attempted to expose information about officials' properties, hoping other officials with unreported property will be desperate enough to sell off properties in their name. "If thorough public exposure of officials can be accomplished, housing prices in Beijing and Shanghai could possibly decline," predicts Chen Yuming, a media professional. Related ArticlesThe Epoch Times publishes in 35 countries and in 20 languages. Subscribe to our e-newsletter.
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