China fact of the day

…of the 3,220 Chinese citizens with a personal wealth of
100 million yuan ($13 million) or more, 2,932 are children of high-level
cadres.  Of the key positions in the five industrial sectors–finance, foreign
trade, land development, large-scale engineering and securities–85% to 90% are
held by children of high-level cadres.

Here is the longer story, interesting for its dissection of "China scholars."

Thanks to Kent Guida for the pointer.


Comments for this post are closed