Officials above County Level Account 80% of National Wealth

• Author: China Law Digest compiled news

A report spreading on internet shows, a privileged bureaucratic stratum has been formed by officials aboveprefectures or equivalents level, whose income is 8-25 times of per capita income of urban residents and 25-25 per capita income of rural population. 1.31 million officials and their families hold 80% of national wealth, officials at the intermediate and high levels and their families have shifted 220 billion abroad from 1996-2003. At the end of June in 2010, the nationwide individual savings deposit was 7.52 trillion yuan, and saving deposit of officials above county or...