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Zhang, Renquan: Corruption in China Is Affecting
Date: 3/23/2007 1:34:22 PM Sender: Zhang, Renquan

                                    Zhang, Renquan: Corruption in China Is Affecting

Grain prices in China are affected by corruption. Unless the Chinese government is determined to crush corruption, lives of ordinary people will be further affected.

In every autumn, China is rich in harvest. Prices of grain is not falling but instead rising. Price rise of flour and oil are too high for people to sustain. The in-depth reason for this is that corruption powers, for the sake of private profit, raised the prices artificially and then invest the money earned this way on real estate or other project that bring in quick money. The government has to print more money to solve the problem of financial expenditure, resulting in constructive crisis of national economy. The sharp rise of price rise in grain and oil means relevant devaluation of deposited assets. Existence of inflation is more fatal than the high prices in housing.

Zhang, Renquan
1/31/2007

中国民主党           主席：王军    China Democracy Party    Chairman: Wang, Jun
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