Corruption in China will be the root cause of Great Asian Depression – former China's National Bureau of Statistics dismissed
Marla Guthrie
Oct. 20, 2006

Corruption levels in China has reached such great extents that even Chinese politicians are now worried. According to many onternational think tanks, it will be the root cause for the Great Asian Depression in China and India. Corruption levels in India is also staggering.

The corruption is the root cause of explicit inefficiency in the system.

According to media reports, China's National Bureau of Statistics spokesman Li Xiaochao said Oct. 19 that the former statistics bureau chief, Qiu Xiahua, was dismissed after he was implicated in a scandal involving Shanghai's state pension fund. Li, a graduate of Stanford and former member of the People's Bank of China monetary policy committee, remains under the investigation of the Communist Party's Central Commission for Discipline Inspection and has been replaced by the deputy director of the State Council's State Development Research Center, Xie Fuzhan.

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